Voluntary disclosure immunity ensures Companies Act penal provisions and information-gathering will not be invoked after a valid disclosure. A company making a declaration under the Voluntary Disclosure of Income and Wealth Ordinance, 1975 receives immunity from penal provisions of the Companies Act for matters arising from that voluntary disclosure, and the Companies Act will not be invoked to collect information about the accounting periods to which the disclosed income relates.
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.
Voluntary disclosure immunity ensures Companies Act penal provisions and information-gathering will not be invoked after a valid disclosure.
A company making a declaration under the Voluntary Disclosure of Income and Wealth Ordinance, 1975 receives immunity from penal provisions of the Companies Act for matters arising from that voluntary disclosure, and the Companies Act will not be invoked to collect information about the accounting periods to which the disclosed income relates.
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