Contravention of records preservation and disposal rules leads to a penal fine under the Companies rules. Rule 5 of the Companies (Preservation and Disposal of Records) Rules, 1966 provides that any contravention of these Rules shall be punishable with fine which may extend to five hundred rupees, establishing a monetary penalty as the statutory sanction for non-compliance with record preservation and disposal obligations under Companies law.
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Provisions expressly mentioned in the judgment/order text.
Contravention of records preservation and disposal rules leads to a penal fine under the Companies rules.
Rule 5 of the Companies (Preservation and Disposal of Records) Rules, 1966 provides that any contravention of these Rules shall be punishable with fine which may extend to five hundred rupees, establishing a monetary penalty as the statutory sanction for non-compliance with record preservation and disposal obligations under Companies law.
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