https://www.taxtmi.com/acts?id=17459 If a company defaults in complying with any provision of this Chapter for which no specific penalty is provided, the company and every officer in default are liable to an initial penalty of fifty thousand rupees and, for continuing failure, a further penalty of five hundred rupees per day, subject to maximum caps of three lakh rupees for the company and one lakh rupees for the officer. en-us Sat, 02 Mar 2013 12:41:41 +0530 Tue, 09 Dec 2025 17:16:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17459 If a company defaults in complying with any provision of this Chapter for which no specific penalty is provided, the company and every officer in default are liable to an initial penalty of fifty thousand rupees and, for continuing failure, a further penalty of five hundred rupees per day, subject to maximum caps of three lakh rupees for the company and one lakh rupees for the officer. Act-Rules Companies Law Sat, 02 Mar 2013 12:41:41 +0530 https://www.taxtmi.com/acts?id=17459