Penalties under Companies Act 2013

Penalties under Companies Act 2013

Section        Particulars Who is liable Amount of Penalty
119(3) Default in allowing inspection of minutes of
general meeting or resolution passed by postal ballot
Company Rs.25,000/-
Officer who is in
default
Rs.5,000/-
136(3) Default in sending copies of audited financial
statement to members and its inspection
Company Rs.25,000/-
Officer who is in
default
Rs.5,000/-
140(3) Retirement of Auditor Auditor Rs. 50,000/- to Rs. 5 Lakh
157(2) Intimation of DIN Company/Officer Rs. 25,000/- to Rs. 1 lakh
173(4) Default in giving required notice of Board meeting Every person whose duty is Rs.25,000/
184(4) Disclosure of Interest Director Rs. 50000 to Rs. 100000
and/or Imprisonment
Upto 1 year
189(6) Default in keeping register of contracts or arrangements in which directors are interested and disclosure by directors of their interest Every director Rs.25,000/
190(3) Default in keeping contract of service with MD
and WTD and allowing its inspection
Company Rs.25,000/- for each default
Officer who is in
default
Rs.5,000/- for each default
352(8)(a) Company Liquidator retaining money without
depositing it in Company Liquidation Dividend and Undistributed Assets Account
Liquidator Such amount as may be
determined by ROC.

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