Doubt

Corporate & Other Laws

Where is the penalty for directors not vacating the office even after not attending the BM for a year is given?

saumya A

CA Final

★ 30

23-Sep-21 21:17

558

Answers (2)

Section 167(2). This penalty is amended to 1 lakh to 5 lakh. There is no longer any imprisonment.

CA YOGITA HARJANI

Faculty

24-Sep-21 11:01

CA YOGITA HARJANI Faculty

Section 167(2). This penalty is amended to 1 lakh to 5 lakh. There is no longer any imprisonment.

Thank you so much

Thread Starter

saumya A

CA Final

★ 30

12-Oct-21 20:01

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