https://www.taxtmi.com/acts?id=30819 Courts must consider company size, nature of business, injury to public interest, nature of the default and repetition of the default when fixing fines or imprisonment to ensure proportionality. Separately, One Person Companies and small companies, and officers in default, face reduced maximum punishments capped at one half of the otherwise prescribed limits for specified statutory defaults. en-us Tue, 01 Aug 2017 18:33:07 +0530 Tue, 01 Aug 2017 18:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30819 Courts must consider company size, nature of business, injury to public interest, nature of the default and repetition of the default when fixing fines or imprisonment to ensure proportionality. Separately, One Person Companies and small companies, and officers in default, face reduced maximum punishments capped at one half of the otherwise prescribed limits for specified statutory defaults. Act-Rules Bills Tue, 01 Aug 2017 18:33:07 +0530 https://www.taxtmi.com/acts?id=30819