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of <h1>Companies Face Fines for Missing Meetings Under Sections 96, 97, 98; Daily Penalties for Non-Compliance Persist</h1> If a company fails to hold a meeting as required by sections 96, 97, or 98, or does not comply with Tribunal directions, both the company and its responsible officers face penalties. The initial fine can be up to one lakh rupees, with an additional fine of up to five thousand rupees for each day the violation persists.
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