Please Help: Corporate Laws
Posted Date : 19-Oct-2013 , 01:19:39 pm | Posted By: Harshit Bansal
Category :
Corporate Law | Answers :
2|
Comments :
0| Hits: 294
|
|
Whether there is a penalty if a pvt. ltd. co.is not maintaining Fixed Assets Register as per Sec 209(1)(c) of Comapnies Act,1956 and if so, then how much is the amount of penalty? |
 |
|
|
Answers:
|
 Answer by: Shankygarg |
| The Managing Director, Manager or other Officers and employees who have violated sec 209 of the Companies Act, 1956 shall be liable to imprisonment for a term which may extend to 6 months or a fine of Rs. 10000 or with both.
If the accused person can prove that it was not committed willfully,imprisonment is unlikely.
|
| Answer by: Shankygarg |
| The Managing Director, Manager or other Officers and employees who have violated sec 209 of the Companies Act, 1956 shall be liable to imprisonment for a term which may extend to 6 months or a fine of Rs. 10000 or with both.
If the accused person can prove that it was not committed willfully,imprisonment is unlikely.
|
|
|
|
|
|
|
