Without prejudice to the provisions of section 391, if a foreign company contravenes the provisions of this Chapter, the foreign company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to three lakh rupees and in the case of a continuing offence, with an additional fine which may extend to fifty thousand rupees for every day after the first during which the contravention continues and every officer of the foreign company who is in default shall be punishable *** with fine which shall not be less than twenty-five thousand rupees but which may extend to [five lakh rupees].
Section 392: Punishment for contravention
The Companies Act, 2013Central Act · Act 18 of 2013
Where this provision sits
| Act | The Companies Act, 2013 |
|---|---|
| Section | 392 |
| Marginal note | Punishment for contravention |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 9 |
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.
- omitted, Act 29 of 2020. . The words "with imprisonment for a term which may extend to six months or"omitted by Act 29 of 2020, s. 54 (w.e.f. 21-12- 2020).
- substituted. .Subs. by s. 54, ibid., for "fifty thousand rupees, or with both" (w.e.f. 21-12-2020).
Judgments that turned on this provision
- APP/844/2007 of RELIANCE INDUSTRIES LIMITED Vs RELIANCE NATURAL RESOURCES LIMITEDBombay High Court · 2009-06-15
- COPET/15/2006 of INDIAN METALS VsHigh Court of Orissa · 2006-10-13
- COPET/17/2006 of INDIAN CHARGE CHROME VsHigh Court of Orissa · 2006-10-13
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