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Lesser penalties for One Person Companies or small companies

Section 446B - Acts - SPECIAL COURTS - Companies Act, 2013 - Section 446B - 1[ 446B. Notwithstanding anything contained in this Act, if a One Person Company or a small company fails to comply with the provisions of sub-section (5) of section 92, sub- .....

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otes:- 1. Inserted vide The Companies (Amendment) Act, 2017 Dated 03-01-2018 w.e.f. 09-02-2018. 2. Substituted vide COMPANIES (AMENDMENT) ACT, 2019 w.e.f 02-11-2019 before it was read as "punishable with fine or imprisonment or fine and imprison .....

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