Penalties for foreign companies: noncompliance triggers company and officer liability plus daily continuing-offence fines. Foreign companies that fail to comply with the provisions of this Part render the company and every officer or agent in default liable to a fine, and for ... Summary
Referred In :
Foreign Exchange Management (Establishment In India of Branch Or Office or Other Place of Business) Regulations, 2000
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Penalties for foreign companies: noncompliance triggers company and officer liability plus daily continuing-offence fines.
Foreign companies that fail to comply with the provisions of this Part render the company and every officer or agent in default liable to a fine, and for a continuing offence to an additional daily fine for each day the default continues, with statutory maximums for the initial and daily penalties.
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