https://www.taxtmi.com/article/detailed?id=5205 Prosecutions for technical or procedural defaults under corporate laws should be restricted where lapses are belatedly regularized or remediable by prescribed penalties; criminal proceedings waste police and court resources, may target wrong persons, and are unnecessary unless there is fraud or substantive non compliance causing regulatory or public harm. Alternative sanctions and allowing time to rectify defaults are preferable to destabilising businesses with criminal prosecution. en-us Tue, 23 Jul 2013 09:43:01 +0530 Sat, 14 Sep 2013 22:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5205 Prosecutions for technical or procedural defaults under corporate laws should be restricted where lapses are belatedly regularized or remediable by prescribed penalties; criminal proceedings waste police and court resources, may target wrong persons, and are unnecessary unless there is fraud or substantive non compliance causing regulatory or public harm. Alternative sanctions and allowing time to rectify defaults are preferable to destabilising businesses with criminal prosecution. Articles Corporate Laws / IBC / SEBI Tue, 23 Jul 2013 09:43:01 +0530 https://www.taxtmi.com/article/detailed?id=5205