15A.Penalty for failure to furnish information, return, etc.

If any person, who is required under this Act or any rules or regulations made thereunder,—

(a) to furnish any document, return or report to the Board, fails to furnish the same, he shall be liable to 52[a penalty 53[which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees;

(b) to file any return or furnish any information, books or other documents within the time specified therefor in the regulations, fails to file return or furnish the same within the time specified therefor in the regulations, he shall be liable to a penalty which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees;

(c) to maintain books of account or records, fails to maintain the same, he shall be liable to a penalty which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees.

News & Events

Our Services

Legal Services

 We offer comprehensive Legal Services systems maintained by trained accounting professional....

Read More

Insurance Services

We offer comprehensiveInsurance Services systems maintained by trained accounting professionals. ....

Read More

Investment Services

We offer comprehensive Investment Services  systems maintained by trained accounting profess....

Read More

Ask a Query

What We Offer

Statutory Audit

We offer comprehensive  Statutory Audit  systems maintained by trained accounting profe....

Auditing & Assurance & Advisor

We offer comprehensive Auditing & Assurance & Advisory Services systems maintained by tra....

Taxation Services

We offer comprehensive Taxation Services systems maintained by trained accounting professionals. ....

Corporate Services

We offer comprehensive Corporate Services systems maintained by trained accounting professionals.....