|
Sl.
No.
|
Section
|
Nature of offence
|
Fine
|
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1
|
11(2)
|
|
Committing default in complying with the requirements relating to commencement of business.
|
|
|
Fine upto ₹ 5,000 on company.
Fine upto ₹ 1,000 for each day of default (for officer in default)
|
|
2
|
16(3)
|
Committing default in complying with the directions issued under sub-section (1) relating to rectification of name of company
|
Fine upto ₹ 1,000 for each day of default on company.
Fine not less than ₹ 5,000 but may be extended to ₹ 1 lakh (for officer in default)
|
|
3
|
26(9)
|
Contravention of provisions relating to issue of a prospectus
|
Fine from ₹ 50,000 to 3 lakh on company.
|
|
4
|
53(3)
|
Violation of provisions relating to
issue of shares at discount
|
Fine not less than ₹ 1 Lakh but may be extended to ₹ 5 lakh on company
|
|
5
|
56(6)
|
Failure to comply with the provision relating transfer and transmission of securities under sub-section (1) to (5)
|
Fine not less than ₹ 25,000 but may be extended to ₹ 5 lakh on company.
Fine not less than ₹ 10,000 but may be extended to ₹ 1 lakh (for officer in default)
|
|
6
|
59 (5)
|
Committing default in complying with the order of Tribunal relating to rectification of register of members
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 5 lakh on company
|
|
7
|
64(2)
|
Failure to file a notice related to alteration, increase or redemption of share capital along with the altered memorandum with the Registrar
|
Fine upto ₹ 1,000 for each day of default continues, or five lakh
Rupees whichever is less
|
|
8
|
67(5)
|
Contravening provisions relating to purchase by company or loans by company for purchase of its own shares
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 25 lakh on company. [If more than 5 lakh then compoundable by the Tribunal]
|
|
9
|
68(11)
|
If a company makes any default in complying with the provisions of this section or any regulation made by the Securities and Exchange Board relating to buy back of securities
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 3 lakh on company
|
|
10
|
86
|
Contravention of any provision of Chapter VI relating to Registration
Of charges
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 10 lakh on company
|
|
11
|
88(5)
|
Failure to maintain register of members or debenture-holders or other security holders as prescribed
|
Fine not less than ₹ 50,000 but may be extended to ₹ 3 lakh and further fine up to ₹ 1000/- for each day of default in case failure continues
|
|
12
|
89(5)
|
Failure to file declaration not holding beneficial interest in any share
|
Fine upto ₹ 50,000 and further fine up to ₹ 1,000/- for each day in case failure continues
|
|
13
|
89 (7)
|
Failure to file return relating to beneficial interest in any share before the expiry of the time specified under the first proviso to sub-section (1) of section 403
|
Fine not less than ₹ 500 but may be extended to ₹ 1,000 on company & every officer who is in default and further fine up to ₹ 1000 for each day of default in case of failure continues
|
|
14
|
92 (6)
|
If a company secretary in practice certifies the annual return otherwise than in conformity with the requirements of this section or the rules made there under.
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Fine which shall not be less than ₹ 50,000 but may be extended to ₹ 5 lakh
|
|
15
|
99
|
Default in holding a meeting of the company in accordance with section 96 or section 97 or section 98 or in complying with any directions of the Tribunal
|
Fine upto ₹ 1 lakh on company & every officer who is in default and further fine up to ₹ 5,000/- for each day of default in case failure continues
|
|
16
|
102 (5)
|
Default in complying with the provisions of this section relating to statement to be annexed to notice
|
Fine upto ₹ 50,000 or 5 times the amount of benefit accruing to the promoter, director, manager or other key managerial personnel or any of his relatives, whichever is more
|
|
17
|
105(3)
|
If default is made in complying with sub-section (2) relating to proxies
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Fine up to ₹ 5,000 on every officer who is in default
|
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18
|
105(5)
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If invitations to appoint as proxy a person or one of a number of persons specified in the invitations are issued
|
Every officer of the company who knowingly issue or willfully authorizes or permits their issue shall be punishable with fine up to ₹ 1 lakh
|
|
19
|
121(3)
|
Failure to file report on annual general meeting
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 5 lakh on company.
Fine not less than ₹ 25,000 but may be extended to ₹ 1 lakh (for officer in default)
|
|
20
|
124(7)
|
Failure to transfer the amount of accumulated profits to unpaid dividend and violating other provisions of Section 124
|
Fine not be less than ₹ 1 lakh but may be extended to ₹ 5 lakh or with both (for every officer in default)
|
|
21
|
137(3)
|
Failure to file financial statements with the Registrar
|
Fine up to ₹ 1,000/- for each day of default, but maximum up to ₹ 10 lakh
|
|
22
|
140(3)
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Non compliance by auditor of sub section (2) relating to filing of registration information
|
Fine not less than ₹ 50,000 but may be extended to ₹ 5 lakhs on auditor/audit firm
|
|
23
|
147(1)
|
Failure of company to comply with the provisions of sections 139 to 146 with regard to auditors
|
Fine not less than ₹ 25,000 but may be extended to ₹ 5 lakh on company
|
|
24
|
157(2)
|
Failure to furnish DIN to Registrar
|
Fine not less than ₹ 25,000 but may be extended to ₹ 1 lakh on company and every officer in default
|
|
25
|
165 (6)
|
Acting as a director of more than 20 companies
|
Fine not less than ₹ 5,000 but may be extended to ₹ 25000 for each day of default
|
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26
|
166(7)
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Default in complying with the provisions of this section relating to directors duties
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Fine not less than ₹ 1 lakh but may be extended to ₹ 5 lakh on directors
|
|
27
|
172
|
Contravention of the provisions of Chapter XI relating to appointment and qualifications of directors
|
Fine not less than ₹ 50,000 but may be extended to ₹ 5 lakh
|
|
28
|
178(8)
|
Default in complying with the provisions of Section 177 & of this section relating to Committee like Nomination, Remuneration and Stakeholders Relationship Committee
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 5 lakhs on company
|
|
29
|
188 (5)(ii)
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Related party transaction in case of other country
|
Fine not less than ₹ 25,000 but may be extended to ₹ 5 lakh
|
|
30
|
187 (4)
|
Contravention of the provisions of this section relating to investment of company held in its name
|
Fine not less than ₹ 25,000 but may be extended to ₹ 25 lakhs on company
|
|
31
|
191 (5)
|
Contravention of the provisions of this section relating to payment to director for loss of office in connection with transfer of property
|
Fine not less than ₹ 25,000 but may be extended to ₹ 1 lakh on such director
|
|
32
|
197 (15)
|
Contravention of the provisions of this section relating to managerial remuneration in case of absence or inadequacy of profits
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 5 lakhs.
|
|
33
|
203 (5)
|
Contravention of the provisions of this section relating to appointment of Key Managerial personnel.
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 5 lakh on company.
Fine up to ₹ 50,000 on Director or Key Managerial Person who is in default and further fine up to ₹ 1000 for each day of default in case of the contravention continues
|
|
34
|
204(4)
|
Contravention of the provisions of this section relating to Secretarial Audit for bigger companies
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 5 lakh on the company, every officer of the company and company secretary in practice.
|
|
35
|
206(7)
|
Failure to furnish any information during inspection or inquiry
|
Fine up to ₹ 1 lakh and further fine up to ₹ 500 for each day of default on the company and every officer of the company
|
|
36
|
221(2)
|
Any removal, transfer or disposal of funds, assets or properties of the company in contravention of the order of the Tribunal under sub-section (1)
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Fine not less than ₹ 1 lakh may be extended to ₹ 25 lakh on company.
|
|
37
|
222(2)
|
Securities in any company are issued or transferred or acted upon in contravention of an order of the Tribunal under sub-section (1)
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Fine not less than ₹ 1 lakh but may be extended to ₹ 25 lakh on company
|
|
38
|
232 (8)
|
Contravention of the provisions of the transfer and transferee company in case of merger or amalgamation
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 25 lakhs on company
|
|
39
|
238(3)
|
Failure to register the offer of schemes involving transfer of shares
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Fine not less than ₹ 25,000 but may be extended to ₹ 5 lakhs on director who issue such circular
|
|
40
|
242(8)
|
Contravention of the order of the Tribunal relating to alterations in memorandum of articles
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 25 lakh on company
|
|
41
|
247 (3) proviso
|
Contravention of the provisions of this section by the valuer
|
Fine not less than ₹ 25,000 but may be extended to ₹ 1 lakh
|
|
42
|
249(2)
|
Filing of application in restricted cases for removal of name
|
Fine up to ₹ 1 lakh
|
|
43
|
302 (4)
|
Committing default by official liquidator in forwarding a copy of the order of dissolution of company by trial with the period specified in sub section (3)
|
Fine up to ₹ 5000 for each day of default (on company liquidator)
|
|
44
|
306(5)
|
Default in calling the meeting of the creditors, to prepare a statement of the position of the company’s affairs along with a list of creditors, estimated amount of claim and filing the resolution with Registrar.
|
Fine not less than ₹ 50,000 but may be extended to ₹ 2 lakh
|
|
45
|
307(2)
|
Default in publication of resolution to wind up voluntarily
|
Fine up to ₹ 5,000 for each day of default on company and every officer of the company
|
|
46
|
312(2)
|
Failure to give notice of appointment of Company Liquidator to Registrar
|
Fine up to ₹ 500 for each day of default on company and every officer who is in default
|
|
47
|
314 (5)
|
Failure to prepare quarterly statement of accounts by company liquidator in voluntary winding up and file with Registrar under sub-section (5)
|
Fine up to ₹ 5000 for each day of default (on company liquidator)
|
|
48
|
318(8)
|
Failure to complying with the provisions of this section relating to final meeting and dissolution of company
|
Fine up to ₹ 1 lakh (on company liquidator)
|
|
49
|
342(6)
|
Failure to neglect to give assistance required under sub-section (5)
|
Fine not less than ₹ 25,000 but may be extended to ₹ 1 lakh
|
|
50
|
344 (2)
|
Failure to give statement that the company is in liquidation
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Fine not less than ₹ 50000 but may be extended to ₹ 3 lakhs
|
|
51
|
348(6)
|
Contravention of the provisions of information as to pending liquidation
|
Fine up to ₹ 5,000 for each day of default (for company liquidator)
|
|
52
|
356(2)
|
Failure to file certified copy of the order of Tribunal relating to dissolution of company void with the Registrar.
|
Fine up to ₹ 10,000 for each day of default (for company liquidator or the person on whose application the order was passed)
|
|
53
|
392
|
Contravention of the provisions of Chapter XXII by a foreign company
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 3 lakh fine and further fine up to ₹ 50,000 for each day of default
|
|
54
|
405(4)
|
Failure to furnish information or statistics etc., by the companies required by the Central Government
|
Fine up to ₹ 25,000 on company
|
|
55
|
450
|
No specific penalty or punishment is provided in the Act
|
Fine up to ₹ 10,000 and further fine up to ₹ 1,000 for each day of default in case of contravention continue
|
|
56
|
451
|
Repeated default within 3 years
|
Twice the amount of fine for such offence in addition to any imprisonment provided for that offence
|
|
57
|
452(1)
|
Punishment for wrongful withholding of property
|
Fine not less than ₹ 1 lakh but may be extended to ₹ 5 lakh on officer or employee of the company
|
|
58
|
453
|
Improper use of words ‘limited’ and ‘private limited’
|
Fine not less than ₹ 500 but may be extended to ₹ 2000 for each day of default
|
|
59
|
454(8)
|
Failure to pay the penalty imposed by the adjudicating officer or Regional Director
|
Fine not less than ₹ 25,000 but may be extended to ₹ 5 lakh on company
|
|
60
|
464(3)
|
Being a member of a company formed exceeding certain numbers
|
Fine up to ₹ 2 lakh and liabilities incurred in such business
|
|
61
|
469(3)
|
Contravention of the Rules framed by Central Government
|
Fine up to ₹ 5,000 and further fine up to ₹ 500 for each day of default in case of contravention continues.
|
|
62
|
186 (13)
|
Contravention of the provisions of this section relating to loans and investments
|
Fine not less than ₹ 25,000 but may be extended to ₹ 5 lakhs on company
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