Penalty for corporate contravention: companies and defaulting officers liable to a prescribed fine where no specific sanction exists. Where a company breaches any provision of this Chapter for which no specific penalty is provided, both the company and every officer of the company who is in default are punishable with fine, the statute prescribing minimum and maximum monetary limits for the fine applicable to the company and each defaulting officer.
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 corporate contravention: companies and defaulting officers liable to a prescribed fine where no specific sanction exists.
Where a company breaches any provision of this Chapter for which no specific penalty is provided, both the company and every officer of the company who is in default are punishable with fine, the statute prescribing minimum and maximum monetary limits for the fine applicable to the company and each defaulting officer.
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