https://www.taxtmi.com/news?id=22137 The Committee proposes decriminalising a substantial set of compoundable offences under the Companies Act by shifting 23 offences to the In House Adjudication Mechanism (IAM), omitting seven offences better handled by other laws or contempt/insolvency mechanisms, limiting imprisonment to fine only for eleven offences, and addressing five offences through alternate frameworks; it also recommends rationalising six IAM penalty amounts and retaining criminal treatment for serious non compoundable offences and fraud related defaults. en-us Tue, 19 Nov 2019 11:23:01 +0530 Wed, 11 Feb 2026 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22137 The Committee proposes decriminalising a substantial set of compoundable offences under the Companies Act by shifting 23 offences to the In House Adjudication Mechanism (IAM), omitting seven offences better handled by other laws or contempt/insolvency mechanisms, limiting imprisonment to fine only for eleven offences, and addressing five offences through alternate frameworks; it also recommends rationalising six IAM penalty amounts and retaining criminal treatment for serious non compoundable offences and fraud related defaults. News - Tue, 19 Nov 2019 11:23:01 +0530 https://www.taxtmi.com/news?id=22137