Friday, May 21, 2021

NCLT imposes ad valorem fine for all violations of non-criminal nature un-intentionally committed by Co.

COMPANY LAW : Where applicant company filed application under section 441 for compounding of offences under sections 125,138 and 142 , it was held that nature of violations/offences committed were not criminal in nature and they were committed un-intentionally and non- deliberately and, therefore, lenient view was to be taken in current pandemic situation and ad valorem fine for all offences/ violations was to be imposed.

from www.taxmann.com Latest Case Laws https://ift.tt/3v2TtYJ

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