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Section 392 Of Companies Act 2013: Punishment For Contravention

Corporate Law (Country: India)

SECTION-392 (Punishment for contravention) under CHAPTER-XXII (Companies Incorporated Outside India) of the Companies Act, 2013


Without prejudice to the provisions of section 391, if a foreign company contravenes the provisions of this Chapter, the foreign company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to three lakh rupees and in the case of a continuing offence, with an additional fine which may extend to fifty thousand rupees for every day after the first during which the contravention continues and every officer of the foreign company who is in default shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than twenty-five thousand rupees but which may extend to five lakh rupees, or with both.








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 392 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) Also refer the Companies 
(Registration of Foreign Companies) Rules, 2014 (w.e.f. 1st April 2014) link


Note: Please check MCA site for any further amendments to the Companies (Registration of Foreign Companies) Rules, 2014.







This page was last updated on 30th May, 2017.

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