Company default penalties: initial Rs50,000 and Rs500/day for continuing defaults, capped at Rs300,000 (company) and Rs100,000 (officer). If a company defaults in complying with any provision of this Chapter for which no specific penalty is provided, the company and every officer in default are liable to an initial penalty of fifty thousand rupees and, for continuing failure, a further penalty of five hundred rupees per day, subject to maximum caps of three lakh rupees for the company and one lakh rupees for the 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.
Company default penalties: initial Rs50,000 and Rs500/day for continuing defaults, capped at Rs300,000 (company) and Rs100,000 (officer).
If a company defaults in complying with any provision of this Chapter for which no specific penalty is provided, the company and every officer in default are liable to an initial penalty of fifty thousand rupees and, for continuing failure, a further penalty of five hundred rupees per day, subject to maximum caps of three lakh rupees for the company and one lakh rupees for the officer.
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