https://www.taxtmi.com/acts?id=53729 Section 378ZM of the Companies Act, 2013 is amended to replace criminal and fine-based consequences with graded monetary penalties for specified defaults relating to Producer Companies. Unauthorised use of a Producer Company name, failure to comply with the prescribed requirements, and defaults by directors or officers in handing over custody of books, documents or property or convening general meetings are each made subject to fixed penalties and continuing daily penalties, with specified maximum caps. en-us Tue, 24 Mar 2026 15:09:49 +0530 Tue, 24 Mar 2026 15:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53729 Section 378ZM of the Companies Act, 2013 is amended to replace criminal and fine-based consequences with graded monetary penalties for specified defaults relating to Producer Companies. Unauthorised use of a Producer Company name, failure to comply with the prescribed requirements, and defaults by directors or officers in handing over custody of books, documents or property or convening general meetings are each made subject to fixed penalties and continuing daily penalties, with specified maximum caps. Act-Rules Bills Tue, 24 Mar 2026 15:09:49 +0530 https://www.taxtmi.com/acts?id=53729