0
As per the Companies Act, if the Company fails to comply with the legal provisions, then the Central Government will cancel the License for Section 8 Company. If the Company’s objectives are conducted fraudulently or in violation of the objectives for which it is established, the licence can be cancelled. In case a Company fails to comply with the provisions of the Companies Act, then the Company will be punishable with a fine not less than Rs. 10 lakhs & may extend to Rs. 1 crore. The Officers & Directors of the Company in default of the provisions will be punishable with a fine not less than Rs. 25,000 which may extend to Rs. 25 lakhs or both.
What else can I help you with?
What are repercussions for noncompliance of state laws?
Depends on the state and the nature of the offense. Punishments can run the full spectrum from warnings to the death penalty.
What is the penalty for violating the regulations outlined in 36 US Code 301?
The penalty for violating the regulations outlined in 36 US Code 301 can include fines and/or imprisonment.
We want to terminate our company car leases early. What penalties might we be facing?
In most cases, your contract with the car company will state what the penalty is. The penalty will differ depending how much time remains on the lease.
What is the penalty for doing 75 MPH in a temporary 50 MPH section of the M4?
Entirely at the discretion of the magistrate - HOWEVER - a minimum three points and a hefty fine would be a likely penalty !
What is the penalty for giving false inforrmation for a traffic ticket?
Depending on your state's DMV regulations - possible loss or suspension of driving privileges.
Can a penalty paid for early withdrawal of funds in an annuity be deducted from Federal Income for tax purposes?
The insurance company surrender charge is not deductible. Nor is the 10% federal penalty.
What is the penalty imposed by US govt if any company leaks the gas into ambient?
1million dollar
Is there a penalty for misrepresenting dog breed to insurance company?
There is a penalty for misrepresenting information requested on an application for insurance. When you sign the application you are certifying that the information you provided is true. If the company determines that you lied, it won't pay the damages and may prosecute you for fraud. The fine can be expensive.
What happens if you take more than your Required Minimum Distribution (RMD)?
If you take more than your Required Minimum Distribution (RMD), you may have to pay a penalty to the IRS. This penalty is typically 50 of the amount that you should have withdrawn but did not. It's important to follow the RMD rules to avoid this penalty and ensure you are in compliance with tax regulations.
What is the penalty for late filing of returns under tn vat act?
Under Section 72(1)(b) of the Tamil Nadu Value Added Tax Act 2006, the maximum penalty levied will be Rs. 2,000.00. HARSHAVARTHAN
What is penalty APR?
Penalty APR is when your credit company considers you late. Most credit card companies place you on Penalty APR if you have been late 2 times in either 6 or 12 months depending on their terms and conditions. A credit card may have an interest rate of 9.99% but have a penalty rate of up to 29.99%
What are some ways to get out of a contract with broadband providers w/o a penalty?
Very rarely can people get out of a contract for a broadband provider without a penalty. You can try by voicing any complaints you have with the company or asking your new service provider if they will pay the fee for breaking the contract if you switch to their company.
