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        Companies Law

        Rule 7A - Penalty

        Companies (Incorporation) Rules, 2014.
        Chapter 01

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        One Person Company penalty for rule breaches imposes fines and continuing daily penalties under incorporation rules. A provision prescribes monetary sanctions where a One Person Company or its officer contravenes the Companies (Incorporation) Rules, 2014, making both the company and officers liable and imposing an initial penalty plus a continuing daily penalty for ongoing contraventions.
                          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.

                                One Person Company penalty for rule breaches imposes fines and continuing daily penalties under incorporation rules.

                                A provision prescribes monetary sanctions where a One Person Company or its officer contravenes the Companies (Incorporation) Rules, 2014, making both the company and officers liable and imposing an initial penalty plus a continuing daily penalty for ongoing contraventions.


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