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Adjudication of penalties

Section 454 - Acts - MISCELLANEOUS - Companies Act, 2013 - Section 454 - 454. (1) The Central Government may, by an order published in the Official Gazette, appoint as many officers of the Central Government, not below the rank of Registrar, as adjud .....

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The adjudicating officer may, by an order- (a) impose the penalty on the company, the officer who is in default, or any other person, as the case may be, stating therein any non-compliance or default under the relevant provisions of this A .....

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reasonable opportunity of being heard to 2[such company, the officer who is in default or any other person]. (5) Any person aggrieved by an order made by the adjudicating officer under sub-section (4) may prefer an appeal to the Regional Director hav .....

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r and be accompanied by such fees as may be prescribed. (7) The Regional Director may, after giving the parties to the appeal an opportunity of being heard, pass such order as he thinks fit, confirming, modifying or setting aside the order appealed a .....

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ith fine which shall not be less than twenty-five thousand rupees but which may extend to five lakh rupees. (ii) 4[Where an officer of a company or any other person] who is in default 5[fails to comply with the order made under sub-section (3) or sub .....

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y-five thousand rupees but which may extend to one lakh rupees, or with both. ********* Notes 1. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2019 w.e.f. 02-11-2019 before it was read as (3) The adjudicating officer may, by an order impose the pen .....

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