Lakshmi Tube Lights Private Limited has committed a default which is in violation of the provisions of the Companies Act, 2013. No specific penalty or punishment is provided in the Act for the said default. In the given

Punishment Where No Specific Penalty or Punishment is provided As per Section 450 of the Companies Act, 2013, if a company or any officer of the company or any other person contravenes any of the provisions of Companies Act or the rules made there-under or any condition, limitation, or restriction subject to which any approval is given or granted for which no penalty or punishment is provided elsewhere in this Act, then the Company and every officer of the company who is in default or such other person shall be liable to a penalty of ten thousand rupees, and in case of continuing contravention, with a further penalty of one thousand rupees for each day after the first during which the contravention continues, subject to a maximum of two lakh rupees in case of a company and fifty thousand rupees in case of an officer who is in default or any other person. In the given case, the quantum of punishment for contravention for the violation of the provisions of Companies Act, 2013 by Lakshmi Tube lights Private Limited shall be decided as prescribed under Section 450 of the Companies Act, 2013.