https://www.taxtmi.com/acts?id=12477 A default in holding a meeting as required by section 166, or in complying with directions under section 167(1) by the Tribunal or the Central Government, renders the company and every officer in default punishable by an initial monetary fine and, in case of continuing default, an additional per day fine for each day after the first during which the default continues; the provision reflects amendments updating those fine amounts. en-us Tue, 10 May 2011 13:17:55 +0530 Tue, 10 May 2011 13:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12477 A default in holding a meeting as required by section 166, or in complying with directions under section 167(1) by the Tribunal or the Central Government, renders the company and every officer in default punishable by an initial monetary fine and, in case of continuing default, an additional per day fine for each day after the first during which the default continues; the provision reflects amendments updating those fine amounts. Act-Rules Companies Law Tue, 10 May 2011 13:17:55 +0530 https://www.taxtmi.com/acts?id=12477