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Section 159 of the Companies Act 2013: Punishment for Contravention

SECTION-159 (Punishment for contravention) under CHAPTER-XI (Appointment and Qualification of Directors) of the Companies Act, 2013

If any individual or director of a company, contravenes any of the provisions of section 152, section 155 and section 156, such individual or director of the company shall be punishable with imprisonment for a term which may extend to six months or with fine which may extend to fifty thousand rupees and where the contravention is a continuing one, with a further fine which may extend to five hundred rupees for every day after the first during which the contravention continues.







Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link


(2) Section 159 of the Companies Act 2013 was notified by MCA Notification S.O. 902(E) dated 26th March 2014 (w.e.f. 1st April 2014) - link

(3) Further, refer the Companies (Appointment and Qualification of Directors) Rules, 2014 (w.e.f. 1st April 2014) link
[Also check amendments, if any, to the Companies (Appointment and Qualification of Directors) Rules, 2014]







This page was last updated on 27th March, 2017.

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