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of <h1>Central Government empowered by Section 469 of Companies Act, 2013 to create rules with penalties for violations.</h1> Section 469 of the Companies Act, 2013 grants the Central Government the authority to create rules for implementing the Act's provisions. These rules can address any matters specified by the Act and may include penalties for violations, with fines up to five thousand rupees and additional daily fines for ongoing breaches. Rules and regulations made under this section must be presented to both Houses of Parliament for a total of thirty days. Parliament may modify or annul these rules, but any changes do not affect actions already taken under the original rules.
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