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Penalty provision
Corporate & Other Laws
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 ?
Answers (3)
Thread Starter
Lalit SanpalAnd if there are 3 directors then all will pay individually too?
Yes, if they are in default
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