Fines and
penal provisions on Chartered Accountants (‘CA’) under the
|
Section No.
|
Particulars of contravention of
provisions
|
Fine amount on Professional
|
Imprisonment term
|
|
140(3)
|
For not filing Resignation with
the Company and Registrar
|
Rs 50,000 to Rs 5,00,000
|
-
|
|
143(15)
|
For not reporting an offence
involving fraud to Central Government
|
Rs 100,000 to Rs 25,00,000
|
-
|
|
147 (2)
|
i)If auditor contravenes any of
the provisions of section 139, section 143, section 144 or section 145
|
Rs 25,000 to Rs 5,00,000
|
-
|
|
ii) If auditor has contravened
such provisions knowingly or willfully
|
Rs 1,00,000 to Rs 25,00,000
|
1 year
| |
|
447
|
Punishment for fraud
|
3 times of amount of fraud
|
6 months to
10 years
|
|
448
|
Punishment for false statement
|
3 times of amount of fraud
|
6 months to 10 years
|
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