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        Companies Law

        Section 374. - Penalty for contravention of section 372 or 373.

        Companies Act, 1956
        Chapter VI
        MANAGEMENT AND ADMINISTRATION

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        Penalty for contravention of related statutory company duties: officers in default face fines under the Companies Act. Failure to comply with section 372 (excluding sub-sections (6) and (7)) or section 373 renders every officer of the company who is in default punishable with a fine, the monetary ceiling of which has been amended to fifty thousand rupees.
                          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 related statutory company duties: officers in default face fines under the Companies Act.

                                Failure to comply with section 372 (excluding sub-sections (6) and (7)) or section 373 renders every officer of the company who is in default punishable with a fine, the monetary ceiling of which has been amended to fifty thousand rupees.


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