Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules,2003Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules,2003
Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules,2003Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules,2003
Punishment for contravention: fines on companies and officers for rule breaches, plus daily penalties for continuing breaches. The rule provides that where no punishment for a breach is provided in the Companies Act, a company, any other person, and every officer of the company ... Summary
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Punishment for contravention: fines on companies and officers for rule breaches, plus daily penalties for continuing breaches.
The rule provides that where no punishment for a breach is provided in the Companies Act, a company, any other person, and every officer of the company who is in default are punishable with fine; where the contravention is continuing, they are liable to a further daily fine for each day after the first during which the contravention continues.
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