https://www.taxtmi.com/article/detailed?id=6662 Reforms propose a tiered overhaul of filing fees and additional fees with higher penalties for belated filings, liberalised fee regimes for one person and small companies, and clarification that condonation of delay is separate from filing. The Committee recommends rationalising minimum fines across provisions, aligning certain officer in default punishments with prior norms, restoring broader compounding powers for the Tribunal while reserving non compoundability for significant frauds, and treating many procedural contraventions as subject to reduced daily penalties with more serious contraventions retaining higher penalties and refund obligations. en-us Mon, 08 Feb 2016 13:18:51 +0530 Mon, 08 Feb 2016 13:18:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6662 Reforms propose a tiered overhaul of filing fees and additional fees with higher penalties for belated filings, liberalised fee regimes for one person and small companies, and clarification that condonation of delay is separate from filing. The Committee recommends rationalising minimum fines across provisions, aligning certain officer in default punishments with prior norms, restoring broader compounding powers for the Tribunal while reserving non compoundability for significant frauds, and treating many procedural contraventions as subject to reduced daily penalties with more serious contraventions retaining higher penalties and refund obligations. Articles Corporate Laws / IBC / SEBI Mon, 08 Feb 2016 13:18:51 +0530 https://www.taxtmi.com/article/detailed?id=6662