About this document
Penalties Under Companies Act 2013 by Lokesh Roongta is a document available to read on EtoBox.
This document outlines important penalties in company law for various sections. Some key penalties include: 1) Section 124(3) imposes a 12% penalty per annum on companies that are in default of transferring the required amount to their Unpaid Dividend Account. 2) Sections 124(7) and 147 establish monetary penalties for both companies and officers for contravention of sections around dividend payments and auditor requirements. 3) Sections 167(2), 182(4), and 186(13) can impose imprisonment of up to 2 ye
- Author
- Lokesh Roongta
- Language
- EN