TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Non-compliance with Sections 159-161 of Companies Act, 1956, leads to daily fines for officers and directors.</h1> Section 162 of the Companies Act, 1956, outlines penalties for non-compliance with sections 159, 160, or 161. If a company or its officers fail to adhere to these provisions, they are subject to a fine of up to five hundred rupees for each day the violation persists. The terms 'officer' and 'director' are defined to include any individual whose directions or instructions are typically followed by the company's Board of Directors. This penalty amount was increased from fifty rupees to five hundred rupees by the Companies (Amendment) Act, 2000.
TaxTMI 
TaxTMI 
