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Companies Law - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Punishment for contravention - quantum of fine revised - It also ...

Companies Law

January 10, 2018

Punishment for contravention - quantum of fine revised - It also restricts the liability of auditor for damages to the shareholders or creditors of the company instead of any other person. It also seeks that in case of criminal liability of any audit firm the concerned partners only shall be liable - Section 147 of the Companies Act, 2013

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