What are the penalties/punishments for the following ? Punishment for repeated default under Companies Act, 2013.
CS Professional · Resolution of Corporate Disputes, Non-Compliances & Remedies · PYQS · June 2023
What are the penalties/punishments for the following ? Punishment for repeated default under Companies Act, 2013.
Answer & Explanation:
Punishments for repeated default under Companies Act, 2013: 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.
Topics: Offences and Penalties
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