Doing Business in India - RSM Austria

Section
233B
Nature of default
Failure to get cost accounts
audited
Penalty
The company shall be liable to be
punished with fine which may extend
to Rs. 5000 and every officer of the
company who is in default shall be
l i a b l e t o b e p u n i s h e d w i t h
imprisonment for a term which may
extend to three years or with fine
which may extend to Rs. 50,000 or with
both
266A
266C
266D
266E
Failure to make application for
a l l o t m e n t o f D i r e c t o r
Identification Number.
Obtaining more than one
D i re c to r I d e n t i f i ca t i o n
Number by same individual
Failure to intimate Director
Identification Number to
concerned Companies
Failure to intimate Director
Identification Number to
Registrar of Companies
Punishment may extend to Rs. 5,000
and where contravention is continuing
further fine of Rs. 5,000 for every day
a f te r t h e f i rst d u r i n g w h i c h
contravention continues.
Punishment may extend to Rs. 5,000
and where contravention is continuing
further fine of Rs. 5,000 for every day
a f te r t h e f i rst d u r i n g w h i c h
contravention continues.
Punishment may extend to Rs. 5,000
and where contravention is continuing
further fine of Rs. 5,000 for every day
a f te r t h e f i rst d u r i n g w h i c h
contravention continues.
Punishment may extend to Rs. 5,000
and where contravention is continuing
further fine of Rs. 5,000 for every day
a f te r t h e f i rst d u r i n g w h i c h
contravention continues.
295 Loan, etc, to director in
contravention of section 295
Every person who is knowingly a party
to the contravention shall be
punishable either with fine which may
extend to Rs. 50,000 or with simple
imprisonment for a term which may
extend to six months
372A
Inter-corporate loans and
investments exceeding the
limit prescribed
The company and every officer of the
company who is in default shall be
punishable with imprisonment which
may extend to two years or with fine
which may extend to Rs. 50,000
DOING BUSINESS IN INDIA 41