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        Companies Law

        Rule 11 - Punishment for contravention of the rules.

        Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules,2003
        Chapter 01

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        Punishment for contravention: fines on companies and officers for rule breaches, plus daily penalties for continuing breaches. The rule provides that where no punishment for a breach is provided in the Companies Act, a company, any other person, and every officer of the company who is in default are punishable with fine; where the contravention is continuing, they are liable to a further daily fine for each day after the first during which the contravention continues.
                          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.

                              Punishment for contravention: fines on companies and officers for rule breaches, plus daily penalties for continuing breaches.

                              The rule provides that where no punishment for a breach is provided in the Companies Act, a company, any other person, and every officer of the company who is in default are punishable with fine; where the contravention is continuing, they are liable to a further daily fine for each day after the first during which the contravention continues.


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