If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been accorded, given or granted, and for which no penalty or punishment is provided elsewhere in this Act, the company and every officer of the company who is in default or such other person shall be [liable to a penalty of ten thousand rupees, and in case of continuing contravention, with a further penalty of on thousand rupees for each day after the first during which the contravention continue, subject to a maximum of two lakh rupees in case of a company and fifty thousand rupees in case of an officer who is in default or any other person].
Section 450: Punishment where no specific penalty or punishment is provided.
The Companies Act, 2013Central Act · Act 18 of 2013
Where this provision sits
| Act | The Companies Act, 2013 |
|---|---|
| Section | 450 |
| Marginal note | Punishment where no specific penalty or punishment is provided. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 5 |
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, Act 29 of 2020. . Subs. by Act 29 of 2020, s. 63, for certain words (w.e.f. 21-12-2020).
Judgments that turned on this provision
- BIFR/299/1998 of IN THE MATTER OF : DIELES FORGE LTD (IN LIQN ) VsCalcutta High Court · 2007-01-08
- COP/3/1995 of M/S N K ENTERPRISES Vs SYNTHIKO ORGANICS PVT.LTD.High Court of Rajasthan · 2006-10-20
- OJA/19/2000 of PIRAMAL FINANCIAL SERVICES LTD Vs RESERVE BANK OF INDIAHigh Court of Gujarat · 2000-06-12
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