Sec 450 Companies Act 2013: Punishment where no penalty is provided

SECTION-450 (Punishment where no specific penalty or punishment is provided) under CHAPTER-XXIX (Miscellaneous) of the Companies Act, 2013

If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been accorded, given or granted, and for which no penalty or punishment is provided elsewhere in this Act, the company and every officer of the company who is in default or such other person shall be punishable with fine which may extend to ten thousand rupees, and where the contravention is continuing one, with a further fine which may extend to one thousand 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).

(2) Section 450 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013).

This page was last updated on 6th June, 2017.


  1. I was sign a company as director and resigned in May 17 but i did not fill Dir 11 now i can fill Dir 11 with penalty or can be exempted

  2. How much will be the penalty for one year


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