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Section 172 of the Companies Act 2013: Punishment

SECTION-172 (Punishment) under CHAPTER-XI (Appointment and Qualification of Directors) of the Companies Act, 2013

If a company contravenes any of the provisions of this Chapter and for which no specific punishment is provided therein, the company and every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.







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 172 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 29th March, 2017.

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