Doing Business in India - RSM Austria
Doing Business in India - RSM Austria
Doing Business in India - RSM Austria
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Section<br />
Nature of default<br />
168 Default <strong>in</strong> hold<strong>in</strong>g Annual<br />
G e n e r a l M e e t i n g i n<br />
accordance with section 166<br />
188 Default <strong>in</strong> circulat<strong>in</strong>g any<br />
resolution that a member<br />
want to put at general<br />
meet<strong>in</strong>gs<br />
205A<br />
If the unpaid dividend is not<br />
transferred to special account<br />
with<strong>in</strong> the prescribed time<br />
209 Failure to ma<strong>in</strong>ta<strong>in</strong> books of<br />
account <strong>in</strong> the prescribed<br />
manner<br />
210 Failure to lay accounts before<br />
annual general meet<strong>in</strong>gs<br />
211 Failure to prepare the<br />
f<strong>in</strong>ancial statements <strong>in</strong><br />
a c c o r d a n c e w i t h t h e<br />
requirements of Schedule VI<br />
212 Failure to <strong>in</strong>clude prescribed<br />
particulars of the subsidiaries<br />
company along with the<br />
f<strong>in</strong>ancial statements of the<br />
parent company<br />
217 Failure to prepare or attach<br />
directors report <strong>in</strong> the<br />
prescribed manner<br />
Penalty<br />
The company and every officer of the<br />
company who is <strong>in</strong> default shall be<br />
punishable with f<strong>in</strong>e which may extend<br />
to Rs. 50,000 and <strong>in</strong> case of a<br />
cont<strong>in</strong>u<strong>in</strong>g default with a further f<strong>in</strong>e<br />
which may extend to Rs. 2,500 for<br />
every day dur<strong>in</strong>g which default<br />
cont<strong>in</strong>ues<br />
Every officer of the company who is <strong>in</strong><br />
default shall be punishable with f<strong>in</strong>e<br />
which may extend to Rs. 50,000<br />
The company and every officer of the<br />
company who is <strong>in</strong> default shall be<br />
punishable with f<strong>in</strong>e which may extend<br />
to Rs. 5,000 for every day dur<strong>in</strong>g which<br />
the failure cont<strong>in</strong>ues<br />
The person who was responsible for<br />
the compliance shall be punishable<br />
with imprisonment for a term which<br />
may extend to six months or with f<strong>in</strong>e<br />
which may extend to Rs. 10,000 or with<br />
both<br />
The person who was responsible for<br />
the compliance shall be punishable<br />
with imprisonment for a term which<br />
may extend to six months or with f<strong>in</strong>e<br />
which may extend to Rs. 10,000 or with<br />
both<br />
The person who was responsible for<br />
the compliance shall be punishable<br />
with imprisonment for a term which<br />
may extend to six months or with f<strong>in</strong>e<br />
which may extend to Rs. 10,000 or with<br />
both<br />
The person who was responsible for<br />
the compliance shall be punishable<br />
with imprisonment for a term which<br />
may extend to six months or with f<strong>in</strong>e<br />
which may extend to Rs. 10,000 or with<br />
both<br />
The person who was responsible for<br />
the compliance shall be punishable<br />
with imprisonment for a term which<br />
may extend to six months or with f<strong>in</strong>e<br />
which may extend to Rs. 20,000 or with<br />
both<br />
40<br />
DOING BUSINESS IN INDIA
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