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short answer: the company is liable

long answer: depends on the size of the company (and how much it contributes to tax), what it did, how often it does it, and why it did it, and most importantly: the repercussions (ie. was some one injured?).

Some companies ignore bylaws because they know it's not in any one's best interest to follow up.

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12y ago
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1d ago

If a company fails to follow its bylaws, it may face legal consequences such as lawsuits from shareholders or regulatory penalties. Failure to adhere to bylaws could also result in the company losing its legal protections, potentially exposing it to personal liability for its directors or officers. In extreme cases, a company could be dissolved or face bankruptcy.

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