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Section 86 of the Companies Act 2013: Punishment for Contravention

SECTION-86 (Punishment for Contravention) under CHAPTER-VI (Registration of Charges) of the Companies Act, 2013

If any company contravenes any provision of this Chapter, the company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to ten lakh rupees and every officer of the 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 one 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 86 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013) - link

(3) Further, refer the Companies (Registration of Charges) Rules, 2014 - link

[Note: please also check further amendments to the Companies (Registration of Charges) Rules, 2014]



This page was last updated on 12th March, 2017.

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