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of <h1>Penalties for Missing Company Meetings: Clause 99 Imposes Fines for Non-Compliance with Sections 96-98 of Companies Bill, 2011.</h1> Clause 99 of the Companies Bill, 2011, mandates penalties for failing to hold company meetings as required by sections 96 to 98 or for not complying with Tribunal directions. The company and any defaulting officers face fines up to one lakh rupees. For ongoing violations, an additional fine of up to five thousand rupees per day is imposed for each day the default continues.
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