https://www.taxtmi.com/acts?id=40103 The amendment creates offences for knowingly furnishing information that is false in material particulars or knowingly omitting material facts in the section 54C application, and in the list of claims or preliminary information memorandum under section 54G, and for persons who authorise such furnishing; it prescribes custodial and financial penalties. It also penalises directors or partners who deliberately contravene Chapter III-A and explains that an application is false in material particulars if the facts stated or omitted would have been sufficient to determine the existence of a default under the Code. en-us Fri, 13 Aug 2021 13:18:44 +0530 Fri, 13 Aug 2021 13:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40103 The amendment creates offences for knowingly furnishing information that is false in material particulars or knowingly omitting material facts in the section 54C application, and in the list of claims or preliminary information memorandum under section 54G, and for persons who authorise such furnishing; it prescribes custodial and financial penalties. It also penalises directors or partners who deliberately contravene Chapter III-A and explains that an application is false in material particulars if the facts stated or omitted would have been sufficient to determine the existence of a default under the Code. Act-Rules F. Acts / Amendment Acts Fri, 13 Aug 2021 13:18:44 +0530 https://www.taxtmi.com/acts?id=40103