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Penalty provision

Every penalty provision which says ' for officer in default and company ' what it means? for example if penalty is 10 lakhs then company and officers will pay individually 10 10 lakhs or combine 10 lakhs ?


Lalit Sanpal

Lalit Sanpal

CA Inter

3K+

22-Feb-21 23:13

18

Answers (3)

Best Answer

Both are liable to pay individually.


Sahibdeep Singh

Sahibdeep Singh

Moderator

23-Feb-21 11:48

And if there are 3 directors then all will pay individually too?


Lalit Sanpal

Lalit Sanpal

CA Inter

3K+

23-Feb-21 11:58

And if there are 3 directors then all will pay individually too?

Yes, if they are in default


Sahibdeep Singh

Sahibdeep Singh

Moderator

23-Feb-21 12:09

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