Doing Business in India - RSM Austria

3.6 Penalties for non compliance under the Companies
Act, 1956
Section
Nature of default
Penalty
11 C o n t r a v e n t i o n o f t h e
p rov i s i o n s re l a t i n g to
formation of associations and
partnerships exceeding
certain number
77A
C o n t r a v e n t i o n o f t h e
p rov i s i o n s re l a t i n g to
purchase of own securities
80 Contravention of provisions
related to issue of redeemable
preference shares
84 Issue of share certificate with
fraudulent intention
142 Not getting registered the
charge created on the assets
of the company
150 Failure to maintain register of
member in the prescribed
manner
162 Failure to file annual return
within prescribed time in
accordance with section 159
Every member is liable for penalty
which may extend to Rs. 10,000
The company or every officer of the
company who is in default shall be
punishable with imprisonment for a
term which may extend to two years or
with fine which may extend to
Rs. 50,000 or with both
The company and every officer of the
company who is in default shall be
punishable with fine which may extend
to Rs. 10,000
The company shall be punishable with
fine which may extend to Rs. 10,000
and every officer of the company who is
in default shall be punishable with
imprisonment for a term which may
extend to six months or with a fine
which may extend to Rs. 100,000 or
with both
The company and every officer of the
company or other person who is in
default shall be punishable with fine
which may extend to Rs. 5,000 for
every day during which default
continues
The company and every officer of the
company who is in default shall be
punishable with fine which may extend
to Rs. 500 for every day during which
the default continues
The company and every officer of the
company who is in default shall be
punishable with fine which may extend
to Rs. 500 for every day during which
the default continues
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