https://www.taxtmi.com/acts?id=12408 Penalties attach for acquisition or transfer of shares that contravene sections 108A to 108D: individuals who acquire shares in breach of section 108A face imprisonment and fines; bodies corporate that transfer without required intimation or in breach of section 108C are subject to fines; officers of companies in default face imprisonment and fines; contravention of Central Government orders or directions, or exercising voting rights contrary to directions, attracts heightened criminal penalties and fines, and companies giving effect to such transactions are punishable with fines while officers in default remain liable. en-us Mon, 09 May 2011 11:03:21 +0530 Mon, 09 May 2011 11:03:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12408 Penalties attach for acquisition or transfer of shares that contravene sections 108A to 108D: individuals who acquire shares in breach of section 108A face imprisonment and fines; bodies corporate that transfer without required intimation or in breach of section 108C are subject to fines; officers of companies in default face imprisonment and fines; contravention of Central Government orders or directions, or exercising voting rights contrary to directions, attracts heightened criminal penalties and fines, and companies giving effect to such transactions are punishable with fines while officers in default remain liable. Act-Rules Companies Law Mon, 09 May 2011 11:03:21 +0530 https://www.taxtmi.com/acts?id=12408