https://www.taxtmi.com/news?id=21806 The Bill requires companies with share capital to file a director's declaration of subscriber payment and verify their registered office before commencing business or borrowing; non-compliance triggers specified monetary penalties and empowers the Registrar to physically verify offices and initiate name-removal proceedings. It converts many procedural offences into defined monetary penalties with strengthened adjudication and compounding rules, doubles penalties for repeated defaults within three years, and enhances powers to identify significant beneficial owners, to govern NFRA functions by divisions, to manage unspent CSR funds, and to declare individuals not fit and proper for directorships. en-us Thu, 25 Jul 2019 16:40:34 +0530 Wed, 11 Feb 2026 15:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21806 The Bill requires companies with share capital to file a director's declaration of subscriber payment and verify their registered office before commencing business or borrowing; non-compliance triggers specified monetary penalties and empowers the Registrar to physically verify offices and initiate name-removal proceedings. It converts many procedural offences into defined monetary penalties with strengthened adjudication and compounding rules, doubles penalties for repeated defaults within three years, and enhances powers to identify significant beneficial owners, to govern NFRA functions by divisions, to manage unspent CSR funds, and to declare individuals not fit and proper for directorships. News - Thu, 25 Jul 2019 16:40:34 +0530 https://www.taxtmi.com/news?id=21806