Company Secretary
139 Points
Joined July 2009
Dear Chetan,
As per Section 162 of the Companies Act, 1956, if a Company fails to comply with the provisions of Section 159, then the Company and every officers who is in default shall be punishable with fine which may extend to Rs. 500/- for every day for which default continues.
Further, offence under Section 159 of the Companies Act, 1956 is compoundale in nature.
This is for your information, please.
Regards,
Ratti Wahal, ACS
Assitant Manager
Kapgrow Corporate Advisory Services Private Limited
E-173, Kalkaji, New Delhi-110019
Contact No.(s): 011-40553774, 9310270885