Liability for failure to upload information: companies and officers face consequences under applicable penal provision for defaults. Failure by a company to furnish and upload required information regarding unpaid and unclaimed amounts, or furnishing/uploading false information, renders ... Summary
Liability for failure to upload information: companies and officers face consequences under applicable penal provision for defaults.
Failure by a company to furnish and upload required information regarding unpaid and unclaimed amounts, or furnishing/uploading false information, renders the company and every officer in default liable, with the applicable penal provision of the Companies Act being applied to such defaults.
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