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 ... Summary
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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