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Decriminalisation Of Company Law And Other U-Turns
Decriminalisation maybe necessary but can meager monetary penalties be deterrent enough?
07 Dec 2019, 03:10 PM IST
Critics might say that in India, the problems of weak enforcement and a clogged judicial infrastructure render most punishment pointless. That dismal point aside, recent recommendations to lighten the punishment provided in many sections of the company law — for violations ranging from late filing to audit fraud — have been met with mixed responses. The proposal to replace punishment by imprisonment with punishment by penalty is welc...
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