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        Companies Law

        Rule 13 - Punishment in case of non-compliance

        National Financial Reporting Authority Rules, 2018

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        Companies Law penalties: fines up to Rs. 5,000 and daily continuing fines up to Rs. 500 for ongoing non-compliance. Rule 13 prescribes monetary sanctions for contravention of the National Financial Reporting Authority Rules, 2018: a fine up to five thousand rupees and, for continuing breaches, an additional fine up to five hundred rupees per day after the first, imposing direct financial liability on entities and persons subject to the rules.
                      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.

                          Companies Law penalties: fines up to Rs. 5,000 and daily continuing fines up to Rs. 500 for ongoing non-compliance.

                          Rule 13 prescribes monetary sanctions for contravention of the National Financial Reporting Authority Rules, 2018: a fine up to five thousand rupees and, for continuing breaches, an additional fine up to five hundred rupees per day after the first, imposing direct financial liability on entities and persons subject to the rules.


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