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        Companies Law

        Section 232 - Penalty for non-compliance with sections 225 to 231.

        Companies Act, 1956
        Chapter VI
        MANAGEMENT AND ADMINISTRATION

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        Penalty for non-compliance: company and defaulting officers liable to fine for failure to comply with sections 225-231. A company that fails to comply with the obligations in sections 225-231, and every officer in default, incurs a monetary penalty; both the corporate entity and responsible officers are directly liable, and the statutory fine quantum has been amended upward.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
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                              Penalty for non-compliance: company and defaulting officers liable to fine for failure to comply with sections 225-231.

                              A company that fails to comply with the obligations in sections 225-231, and every officer in default, incurs a monetary penalty; both the corporate entity and responsible officers are directly liable, and the statutory fine quantum has been amended upward.


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