Factors for determining punishment require courts to weigh company size, business nature, public interest, default and repetition. Courts must consider company size, nature of business, injury to public interest, nature of the default and repetition of the default when fixing fines or imprisonment to ensure proportionality. Separately, One Person Companies and small companies, and officers in default, face reduced maximum punishments capped at one half of the otherwise prescribed limits for specified statutory defaults.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Factors for determining punishment require courts to weigh company size, business nature, public interest, default and repetition.
Courts must consider company size, nature of business, injury to public interest, nature of the default and repetition of the default when fixing fines or imprisonment to ensure proportionality. Separately, One Person Companies and small companies, and officers in default, face reduced maximum punishments capped at one half of the otherwise prescribed limits for specified statutory defaults.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
