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        Clause 99 - Amendment of section 447

        Corporate Laws Amendment Bill 2026
        Chapter III
        AMENDMENTS TO THE COMPANIES ACT, 2013

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        Companies Act penalty thresholds revised with higher monetary limits under section 447. Section 447 of the Companies Act, 2013 is amended by replacing the existing monetary thresholds with higher values. The reference to ten lakh rupees is substituted with twenty-five lakh rupees, and the second proviso is amended by replacing fifty lakh rupees with one crore rupees. The amendment revises the statutory value limits embedded in the provision and its proviso.
                          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 Act penalty thresholds revised with higher monetary limits under section 447.

                                Section 447 of the Companies Act, 2013 is amended by replacing the existing monetary thresholds with higher values. The reference to ten lakh rupees is substituted with twenty-five lakh rupees, and the second proviso is amended by replacing fifty lakh rupees with one crore rupees. The amendment revises the statutory value limits embedded in the provision and its proviso.


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