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        Companies Law

        Section 420 - Penalty for contravention of sections 417, 418 and 419.

        Companies Act, 1956
        Chapter VI
        MANAGEMENT AND ADMINISTRATION

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        Penalty for contravention: officers knowingly breaching specified company provisions face criminal liability with imprisonment or fine. The provision criminalises conduct by company officers and certain provident fund trustees who knowingly contravene, authorise or permit contraventions of specified company duties, imposing criminal liability in the form of imprisonment or a monetary fine; statutory amendments have increased the fine ceiling and broadened sentencing options.
                          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: officers knowingly breaching specified company provisions face criminal liability with imprisonment or fine.

                              The provision criminalises conduct by company officers and certain provident fund trustees who knowingly contravene, authorise or permit contraventions of specified company duties, imposing criminal liability in the form of imprisonment or a monetary fine; statutory amendments have increased the fine ceiling and broadened sentencing options.


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