Failure to notify under deposit scheme obligations triggers penal fine for non-compliance with reporting duties. Non compliance with the reporting requirements for unregulated deposit schemes-specifically failure to give the required intimation or to furnish statements, information or particulars-constitutes an offence punishable by a monetary fine up to the amount specified in the statute.
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.
Failure to notify under deposit scheme obligations triggers penal fine for non-compliance with reporting duties.
Non compliance with the reporting requirements for unregulated deposit schemes-specifically failure to give the required intimation or to furnish statements, information or particulars-constitutes an offence punishable by a monetary fine up to the amount specified in the statute.
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