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        Companies Law

        Section 392 - Punishment for contravention

        Companies Act, 2013
        Chapter XXII
        COMPANIES INCORPORATED OUTSIDE INDIA

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        Penalties for foreign companies: statutory fines, daily continuing-offence levies, and officer liability for defaults. Section 392 imposes monetary penalties where a foreign company contravenes the Chapter: a prescribed minimum-to-maximum fine on the company, an additional daily fine for a continuing offence after the first day, and a separate minimum-to-maximum pecuniary penalty on every officer in default.
                      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.

                          Penalties for foreign companies: statutory fines, daily continuing-offence levies, and officer liability for defaults.

                          Section 392 imposes monetary penalties where a foreign company contravenes the Chapter: a prescribed minimum-to-maximum fine on the company, an additional daily fine for a continuing offence after the first day, and a separate minimum-to-maximum pecuniary penalty on every officer in default.


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