https://www.taxtmi.com/acts?id=54040 Amendment of section 220 restructures the disciplinary mechanism by requiring the Board to constitute disciplinary committees and refer show cause notices issued under section 219 to such committees. The disciplinary committee may, after hearing the service provider and on being satisfied that sufficient cause exists, impose penalty, suspend or cancel registration, or direct disgorgement. The appeal mechanism is also introduced, enabling an aggrieved person to appeal to the National Company Law Appellate Tribunal within thirty days, with a limited further extension for sufficient cause. en-us Tue, 07 Apr 2026 14:06:29 +0530 Tue, 07 Apr 2026 14:06:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54040 Amendment of section 220 restructures the disciplinary mechanism by requiring the Board to constitute disciplinary committees and refer show cause notices issued under section 219 to such committees. The disciplinary committee may, after hearing the service provider and on being satisfied that sufficient cause exists, impose penalty, suspend or cancel registration, or direct disgorgement. The appeal mechanism is also introduced, enabling an aggrieved person to appeal to the National Company Law Appellate Tribunal within thirty days, with a limited further extension for sufficient cause. Act-Rules F. Acts / Amendment Acts Tue, 07 Apr 2026 14:06:29 +0530 https://www.taxtmi.com/acts?id=54040