If any person or persons trade or carry on business under any name or title, of which the word "Limited" or the words "Private Limited" or any contraction or imitation thereof is or are the last word or words, that person or each of those persons shall, unless duly incorporated with limited liability, or unless duly incorporated as a private company with limited liability, as the case may be, punishable with fine which shall not be less than five hundred rupees but may extend to two thousand rupees for every day for which that name or title has been used.
Section 453: Punishment for improper use of ―Limited‖ or ―Private Limited‖.
The Companies Act, 2013Central Act · Act 18 of 2013
Where this provision sits
| Act | The Companies Act, 2013 |
|---|---|
| Section | 453 |
| Marginal note | Punishment for improper use of ―Limited‖ or ―Private Limited‖. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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