https://www.taxtmi.com/acts?id=39092 The substituted sub section (1) of section 86 prescribes that if any company is in default in complying with any provision of the Chapter, the company shall be liable to a penalty of five lakh rupees and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees. en-us Wed, 30 Sep 2020 12:41:06 +0530 Wed, 30 Sep 2020 12:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39092 The substituted sub section (1) of section 86 prescribes that if any company is in default in complying with any provision of the Chapter, the company shall be liable to a penalty of five lakh rupees and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees. Act-Rules F. Acts / Amendment Acts Wed, 30 Sep 2020 12:41:06 +0530 https://www.taxtmi.com/acts?id=39092