valid as on 16/10/2019

Section 172. Punishment

If a  contravenes any of the provisions of this Chapter and for which no specific punishment is provided therein, the company and every of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.

Company means a company incorporated under this Act or under any previous company law
2(59) Officer includes any director, manager or key managerial personnel or any person in accordance with whose directions or instructions the Board of Directors or any one or more of the directors is or are accustomed to act

Enforcement Notification S.O. 902(E) dated 26/03/2014


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