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of <h1>Penalties for Violating Sections 266A, 266C, 266D, 266E of Companies Act: Fines Up to 5,000 Plus Daily Charges</h1> Section 266G of the Companies Act, 1956, imposes penalties for violations of sections 266A, 266C, 266D, or 266E. Individuals, directors, or companies in breach of these sections face fines up to five thousand rupees. If the violation continues, an additional fine of up to five hundred rupees per day is imposed. The Director Identification Number, as referenced in sections 266A to 266F, is an identification number assigned by the Central Government to individuals intending to be appointed as directors or to existing company directors for identification purposes.
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