https://www.taxtmi.com/circulars?id=52432 Adjudication of penalties appoints officers not below Registrar as adjudicating officers, requires written show-cause notices with minimum response periods and possible extensions, mandates hearings with reasonable opportunity to be heard, grants powers to summon witnesses and compel documents, and directs consideration of disproportionate gain, investor or creditor loss, and repetitiveness in determining penalty quantum. Orders must be dated, signed and communicated; proceedings are exempt from CPC, Evidence Act and CrPC, and penalties accrue to the Consolidated Fund of India. en-us Mon, 09 Sep 2013 00:00:00 +0530 Thu, 12 Sep 2013 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52432 Adjudication of penalties appoints officers not below Registrar as adjudicating officers, requires written show-cause notices with minimum response periods and possible extensions, mandates hearings with reasonable opportunity to be heard, grants powers to summon witnesses and compel documents, and directs consideration of disproportionate gain, investor or creditor loss, and repetitiveness in determining penalty quantum. Orders must be dated, signed and communicated; proceedings are exempt from CPC, Evidence Act and CrPC, and penalties accrue to the Consolidated Fund of India. Circulars Companies Law Mon, 09 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52432