State the punishment prescribed under Companies Act, 2013 for the following: (ii) Repeated default within 3 years
CS Professional · Resolution of Corporate Disputes, Non-Compliances & Remedies · PYQS · June 2025
State the punishment prescribed under Companies Act, 2013 for the following: (ii) Repeated default within 3 years
Answer & Explanation:
Sec 451: Offence punishable either with fine or with imprisonment: If a company or an officer of a company commits an offence punishable either with fine or with imprisonment and where the same offence is committed for the second or subsequent occasions within a period of three years, then, that company and every officer thereof who is in default shall be punishable with twice the amount of fine for such offence in addition to any imprisonment provided for that offence. Sec 454A: Other offences liable to a Penalty under the Act: Where a company or an officer of a company or any other person having already been subjected to penalty for default under any provisions of this Act, again commits such default within a period of three years from the date of order imposing such penalty passed by the adjudicating officer or the Regional Director, as the case may be, it or he shall be liable for the second or subsequent defaults for an amount equal to twice the amount of penalty provided for such default under the relevant provisions of this Act.
Topics: Company Law
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