https://www.taxtmi.com/acts?id=35037 Amendment prescribes that if an auditor fails to comply with the reporting obligation, a penalty equal to the lesser of a fixed statutory amount and the auditor's remuneration shall apply, and for continuing failure a fixed daily penalty accrues for each day after the first, subject to a prescribed maximum aggregate cap. en-us Mon, 14 Jan 2019 14:18:32 +0530 Fri, 02 Aug 2019 11:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35037 Amendment prescribes that if an auditor fails to comply with the reporting obligation, a penalty equal to the lesser of a fixed statutory amount and the auditor's remuneration shall apply, and for continuing failure a fixed daily penalty accrues for each day after the first, subject to a prescribed maximum aggregate cap. Act-Rules F. Acts / Amendment Acts Mon, 14 Jan 2019 14:18:32 +0530 https://www.taxtmi.com/acts?id=35037