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of <h1>Central Government Officers Can Impose Penalties for Companies Act Non-Compliance; Appeals Allowed Within 60 Days Under Section 454.</h1> Section 454 of the Companies Act, 2013, allows the Central Government to appoint officers as adjudicating officers to impose penalties for non-compliance with the Act. These officers can impose penalties and direct rectification of defaults. No penalty is imposed if certain defaults are rectified within a specified period. Before imposing penalties, a hearing opportunity must be provided. Aggrieved parties can appeal to the Regional Director within sixty days. Non-compliance with orders can result in fines for companies and fines or imprisonment for officers. Amendments have been made to these provisions to refine the process and conditions.
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