<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Payment of compensation in cases of frivolous or vexatious prosecution.</title>
    <link>https://www.taxtmi.com/acts?id=13092</link>
    <description>When a magistrate discharges or acquits accused persons in a shareholder-initiated prosecution and records that the accusation was false and frivolous or vexatious, the magistrate may call on the complainant to show cause and may order payment of compensation to the accused, for reasons to be recorded, and may order simple imprisonment in default of payment; the order does not exempt the complainant from other civil or criminal liability and any amount paid is to be accounted for in subsequent civil compensation awards.</description>
    <language>en-us</language>
    <pubDate>Fri, 20 May 2011 11:46:56 +0530</pubDate>
    <lastBuildDate>Fri, 20 May 2011 11:46:56 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=249768" rel="self" type="application/rss+xml"/>
    <item>
      <title>Payment of compensation in cases of frivolous or vexatious prosecution.</title>
      <link>https://www.taxtmi.com/acts?id=13092</link>
      <description>When a magistrate discharges or acquits accused persons in a shareholder-initiated prosecution and records that the accusation was false and frivolous or vexatious, the magistrate may call on the complainant to show cause and may order payment of compensation to the accused, for reasons to be recorded, and may order simple imprisonment in default of payment; the order does not exempt the complainant from other civil or criminal liability and any amount paid is to be accounted for in subsequent civil compensation awards.</description>
      <category>Act-Rules</category>
      <law>Companies Law</law>
      <pubDate>Fri, 20 May 2011 11:46:56 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=13092</guid>
    </item>
  </channel>
</rss>