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Procedure for imposition Of penalty under the Act

Rule 59 - Rule - General procedure - Companies Law - Rule 59 - 59. .- (1) Notwithstanding anything to the contrary contained in any rules or regulations framed under the Act, no order or direction imposing a penalty under the Act shall be made unless .....

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In case the Bench decides to issue show cause notice to any person or company or a party to the proceedings, as the case may be, under sub-rule (1), the Registrar shall issue a show cause notice giving not less than fifteen days asking for submissio .....

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