https://www.taxtmi.com/acts?id=15534 Default in holding statutory meetings or complying with Tribunal directions renders the company and every officer in default liable to a fine, initially up to one lakh rupees, and for continuing defaults a further daily fine which may extend to five thousand rupees for every day the default continues. en-us Tue, 20 Dec 2011 13:32:22 +0530 Tue, 20 Dec 2011 13:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15534 Default in holding statutory meetings or complying with Tribunal directions renders the company and every officer in default liable to a fine, initially up to one lakh rupees, and for continuing defaults a further daily fine which may extend to five thousand rupees for every day the default continues. Act-Rules Bills Tue, 20 Dec 2011 13:32:22 +0530 https://www.taxtmi.com/acts?id=15534