Indian Companies Act 1956 provides a range of obligations to be discharged by every company registered under this
act and also on the part of its Directors / Managers / Secretaries, etc. The law relating to penalties arising from noncompliance of various legalities is provided in tabulated format here in below.
act and also on the part of its Directors / Managers / Secretaries, etc. The law relating to penalties arising from noncompliance of various legalities is provided in tabulated format here in below.
The basic knowledge of the Company Law is essential for every company director to avoid superfluous annoyance arising from lack of knowledge of the law.
Note: The purpose of this article is to provide a brief overview of the penalties under Companies Act. It does not seek
to critically examine the various provisions nor is it meant to a complete elaboration of all its provisions. We
recommend that advice be sought before taking any action on specific issues.
to critically examine the various provisions nor is it meant to a complete elaboration of all its provisions. We
recommend that advice be sought before taking any action on specific issues.