https://www.taxtmi.com/acts?id=51438 A new penal section establishes that companies accepting or causing acceptance of deposits contrary to prescribed conditions, or failing to repay deposits or interest within the statutory or Tribunal extended period, must pay amounts due and interest and incur substantial fines. Officers in default face criminal and monetary liability, with aggravated consequences where default is knowing or wilful with intent to deceive. en-us Mon, 26 May 2025 13:24:51 +0530 Mon, 26 May 2025 13:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51438 A new penal section establishes that companies accepting or causing acceptance of deposits contrary to prescribed conditions, or failing to repay deposits or interest within the statutory or Tribunal extended period, must pay amounts due and interest and incur substantial fines. Officers in default face criminal and monetary liability, with aggravated consequences where default is knowing or wilful with intent to deceive. Act-Rules F. Acts / Amendment Acts Mon, 26 May 2025 13:24:51 +0530 https://www.taxtmi.com/acts?id=51438