https://www.taxtmi.com/article/detailed?id=9047 The Companies (Amendment) Bill, 2020 implements principle-based decriminalisation by converting many imprisonment and criminal sanctions under the Companies Act, 2013 into civil penalties. It substitutes penal subsections across multiple provisions to remove imprisonment for officers-in-default, reduce maximum fines, prescribe fixed penalties and per-day continuing-failure caps subject to statutory maxima, and in some cases authorises administrative measures such as allotment of a new company name, thereby shifting enforcement from criminal prosecution to monetary and administrative remedies. en-us Tue, 07 Apr 2020 09:44:39 +0530 Tue, 07 Apr 2020 09:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9047 The Companies (Amendment) Bill, 2020 implements principle-based decriminalisation by converting many imprisonment and criminal sanctions under the Companies Act, 2013 into civil penalties. It substitutes penal subsections across multiple provisions to remove imprisonment for officers-in-default, reduce maximum fines, prescribe fixed penalties and per-day continuing-failure caps subject to statutory maxima, and in some cases authorises administrative measures such as allotment of a new company name, thereby shifting enforcement from criminal prosecution to monetary and administrative remedies. Articles Corporate Laws / IBC / SEBI Tue, 07 Apr 2020 09:44:39 +0530 https://www.taxtmi.com/article/detailed?id=9047