Unauthorized Use of "Limited" in Business Name Faces Daily Fines Under Companies Act, Section 453
Under Section 453 of the Companies Act, 2013, any individual or group conducting business under a name ending with "Limited" or "Private Limited," or any similar variation, without proper incorporation as a limited liability company or private limited company, faces penalties. The fine imposed ranges from a minimum of five hundred rupees to a maximum of two thousand rupees for each day the unauthorized name is used.
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