Decriminalisation of section 276A of the Act

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..... ive notice in accordance with sub-section (1) of section 178, or fails to set aside the amount as required by subsection (3) of the said section or parts with any of the assets of the company or the properties in contravention of the provisions of the said section. 2. It has been the stated policy of the Government to decriminalise minor offences as a step towards improving ease of business. In .....

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..... at no fresh prosecution shall be launched under this section on or after 1st April, 2023. The earlier prosecutions will however continue. 4. This amendment will take effect from 1st April, 2023. [Clause 118] Full Text : Union Budget 2023-24 + FINANCE Bill, 2023 - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion Tax Management India - taxmanag .....

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