https://www.taxtmi.com/acts?id=13167 Where the Act provides no punishment, the Companies (Acceptance of Deposits) Rules, 1975 subject a company, every officer in default, or other contravening person to a penalty in the form of a fine and additionally impose a further daily fine for any continuing contravention after the first day, thereby penalising both corporate entities and responsible officers for breaches and providing escalating sanctions for ongoing non compliance. en-us Tue, 24 May 2011 15:44:59 +0530 Tue, 24 May 2011 15:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13167 Where the Act provides no punishment, the Companies (Acceptance of Deposits) Rules, 1975 subject a company, every officer in default, or other contravening person to a penalty in the form of a fine and additionally impose a further daily fine for any continuing contravention after the first day, thereby penalising both corporate entities and responsible officers for breaches and providing escalating sanctions for ongoing non compliance. Act-Rules Companies Law Tue, 24 May 2011 15:44:59 +0530 https://www.taxtmi.com/acts?id=13167