https://www.taxtmi.com/news?id=22489 The Company Law Committee recommended removing criminality for procedural, technical and objectively determinable defaults lacking fraud or public interest, proposing alternative sanctions and shifting many compoundable offences to in house adjudication with lower penalties; it also proposed omitting some offences, restricting others to fines by removing imprisonment, reducing penalties for provisions already moved to in house adjudication, and retaining the status quo for non compoundable offences. en-us Tue, 04 Feb 2020 18:21:27 +0530 Tue, 04 Feb 2020 18:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22489 The Company Law Committee recommended removing criminality for procedural, technical and objectively determinable defaults lacking fraud or public interest, proposing alternative sanctions and shifting many compoundable offences to in house adjudication with lower penalties; it also proposed omitting some offences, restricting others to fines by removing imprisonment, reducing penalties for provisions already moved to in house adjudication, and retaining the status quo for non compoundable offences. News - Tue, 04 Feb 2020 18:21:27 +0530 https://www.taxtmi.com/news?id=22489