[159. Penalty for default of certain provisions.-- If any individual or director of a company makes any default in complying with any of the provisions of section 152, section 155 and section 156, such individual or director of the company shall be liable to a penalty which may extend to fifty thousand rupees and where the default is a continuing one, with a further penalty which may extend to five hundred rupees for each day after the first during which such default continues.]
Section 159: Penalty for default of certain provisions
The Companies Act, 2013Central Act · Act 18 of 2013
Where this provision sits
| Act | The Companies Act, 2013 |
|---|---|
| Section | 159 |
| Marginal note | Penalty for default of certain provisions |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 4 |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted. . Subs. by s. 25, ibid., for section 159 (w.e.f. 2-11-2018).
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