https://www.taxtmi.com/acts?id=11011 Failure to comply with section 218 creates a prosecutable offence for failing to provide information under section 218(1), failing to set aside amounts under section 218(3), or parting with company assets or properties in custody contrary to that subsection. The offence attracts rigorous imprisonment which may extend to two years and a statutory fine prescribed within the specified lower and upper thresholds. en-us Thu, 20 Aug 2009 13:58:08 +0530 Thu, 20 Aug 2009 13:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11011 Failure to comply with section 218 creates a prosecutable offence for failing to provide information under section 218(1), failing to set aside amounts under section 218(3), or parting with company assets or properties in custody contrary to that subsection. The offence attracts rigorous imprisonment which may extend to two years and a statutory fine prescribed within the specified lower and upper thresholds. Act-Rules Bills Thu, 20 Aug 2009 13:58:08 +0530 https://www.taxtmi.com/acts?id=11011