The Ministry of Corporate Affairs in Jaipur slaps ₹17 lakh penalty on Paris Elysees India Private Limited and directors for non-compliance with the Companies Act, 2013 and rules. Non-filing of BEN-1 declarations and failure to issue BEN-4 notices resulted in hefty fines. Despite personal hardships cited, penalties upheld for non-reporting under Section 90. Payment to be made via Ministry portal with appeal option within 60 days to avoid further fines or imprisonment.
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