Decriminalisation of section 276A of the Act

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..... e in accordance with sub-section (1) of section 178, or fails to set aside the amount as required by subsection (3) of the said section or parts with any of the assets of the company or the properties in contravention of the provisions of the said section. 2. It has been the stated policy of the Government to decriminalise minor offences as a step towards improving ease of business. In this regar .....

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