Company compliance penalty under section 189 strengthened with a specific monetary sanction for non-compliance with statutory rules. Section 189 of the Companies Act, 2013 is amended to insert a new sub-section prescribing a penalty of two lakh rupees for any company failing to comply with the section and the rules made thereunder. The amendment operates as an enforcement measure for the statutory obligations and accompanying rules under section 189.
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.
Company compliance penalty under section 189 strengthened with a specific monetary sanction for non-compliance with statutory rules.
Section 189 of the Companies Act, 2013 is amended to insert a new sub-section prescribing a penalty of two lakh rupees for any company failing to comply with the section and the rules made thereunder. The amendment operates as an enforcement measure for the statutory obligations and accompanying rules under section 189.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.