Penalty for contravention of director-related provisions leads to fines and continuing daily penalties under companies law. Contravention of the director-related provisions renders any individual or director or company in default liable to a fine which may extend to five thousand rupees and, for continuing contraventions, a further fine which may extend to five hundred rupees for every day after the first during which the contravention continues; the Director Identification Number is an identification number the Central Government may allot to individuals intending to be appointed as directors or to existing directors for identification under sections 266A-266F.
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.
Provisions expressly mentioned in the judgment/order text.
Penalty for contravention of director-related provisions leads to fines and continuing daily penalties under companies law.
Contravention of the director-related provisions renders any individual or director or company in default liable to a fine which may extend to five thousand rupees and, for continuing contraventions, a further fine which may extend to five hundred rupees for every day after the first during which the contravention continues; the Director Identification Number is an identification number the Central Government may allot to individuals intending to be appointed as directors or to existing directors for identification under sections 266A-266F.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.