Inability to send a copy of audited fiscal reports to the individuals before the Annual General Meeting, and record the minutes of the meetings are each punishable with a fine up to rupees 25,000/ -
Inability to lead an Annual General Meeting is punishable with a fine up to Rupees one lakh.
Inability to present a report on Annual General Meeting is punishable with a fine of Rupees one Lakh which may reach out to Rupees five Lakh.