How fair is the criminal punishment for corporates?

While a host of instances involving mere non filing/delayed filing of routine returns and forms, the law provides for criminal prosecution of company directors and its key officers. They are minor civil offences, often not deliberate and deserve a minor punishment by way of levy of fine. The Act, however, comes down heavy handed on such violations and for a minor civil violation, it seeks to impose a criminal punishment on the company director. How fair are those punishments and penalties? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his take on the matter in the video.