https://www.taxtmi.com/acts?id=31200 The Board must constitute one or more disciplinary committees, and the show cause notice must be referred to such committee. After hearing the service provider, the committee may impose penalty, suspend or cancel registration, or direct disgorgement where sufficient cause exists. Penalty may be based on the loss caused or unlawful gain, with a capped amount where these are not quantifiable. Disgorged amounts may be used for restitution to an identifiable person who suffered direct loss, and an appeal lies to the National Company Law Appellate Tribunal within thirty days. en-us Tue, 02 Jan 2018 17:43:09 +0530 Tue, 26 May 2026 12:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31200 The Board must constitute one or more disciplinary committees, and the show cause notice must be referred to such committee. After hearing the service provider, the committee may impose penalty, suspend or cancel registration, or direct disgorgement where sufficient cause exists. Penalty may be based on the loss caused or unlawful gain, with a capped amount where these are not quantifiable. Disgorged amounts may be used for restitution to an identifiable person who suffered direct loss, and an appeal lies to the National Company Law Appellate Tribunal within thirty days. Act-Rules IBC Tue, 02 Jan 2018 17:43:09 +0530 https://www.taxtmi.com/acts?id=31200