Officers breaching Companies Act Sections 73 or 76 risk 7 years imprisonment and hefty fines u/s 76A(b).

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....Punishment for contravention of section 73 or section 76 - every officer - may be liable for imprisonment which may extend to seven years and with fine which shall not be less than twenty-five lakh rupees but which may extend to two crore rupees - Section 76A(b) of the Companies Act, 2013....