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Punishment for contravention of section 73 or section 76

Section 76A - Act - ACCEPTANCE OF DEPOSITS BY COMPANIES - Companies Law - Section 76A - 1[76A. .-Where a company accepts or invites or allows or causes any other person to accept or invite on its behalf any deposit in contravention of the manner or t .....

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or such further time as may be allowed by the Tribunal under section 73,- (a) the company shall, in addition to the payment of the amount of deposit or part thereof and the interest due, be punishable with fine which shall not be less than one crore .....

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