https://www.taxtmi.com/acts?id=43395 Amendment of section 104 enlarges penal scope by adding failure to file returns, raising fines, extending liability to persons required to file under the Act, and imposing debarment for receiving prohibited gifts. New sub sections criminalise destruction or falsification of society documents, prohibited investments contrary to section 64 or bye laws, causing unlawful loss to assets or depositors, and receipt or use of society assets for personal unlawful gains; these offences attract specified imprisonment and fines and mandate recovery of unlawful proceeds. en-us Thu, 04 Jul 2024 16:48:55 +0530 Thu, 04 Jul 2024 16:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43395 Amendment of section 104 enlarges penal scope by adding failure to file returns, raising fines, extending liability to persons required to file under the Act, and imposing debarment for receiving prohibited gifts. New sub sections criminalise destruction or falsification of society documents, prohibited investments contrary to section 64 or bye laws, causing unlawful loss to assets or depositors, and receipt or use of society assets for personal unlawful gains; these offences attract specified imprisonment and fines and mandate recovery of unlawful proceeds. Act-Rules F. Acts / Amendment Acts Thu, 04 Jul 2024 16:48:55 +0530 https://www.taxtmi.com/acts?id=43395