Penalties under Companies Act 2013

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Penalties under Companies Act 2013

Section       ParticularsWho is liableAmount of Penalty
119(3)Default in allowing inspection of minutes of
general meeting or resolution passed by postal ballot
CompanyRs.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
CompanyRs.25,000/-
Officer who is in
default
Rs.5,000/-
140(3)Retirement of AuditorAuditorRs. 50,000/- to Rs. 5 Lakh
157(2)Intimation of DINCompany/OfficerRs. 25,000/- to Rs. 1 lakh
173(4)Default in giving required notice of Board meetingEvery person whose duty isRs.25,000/
184(4)Disclosure of InterestDirectorRs. 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 interestEvery directorRs.25,000/
190(3)Default in keeping contract of service with MD
and WTD and allowing its inspection
CompanyRs.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
LiquidatorSuch amount as may be
determined by ROC.