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Section 86: Punishment for contravention.

The Companies Act, 2013Central Act · Act 18 of 2013

[ [(1)] If any company is in default in complying with any of the provisions of this Chapter, the company shall be liable to a penalty of five lakh rupees and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees].

[(2) If any person willfully furnishes any false or incorrect information or knowingly suppresses any material information, required to be registered in accordance with the provisions of section 77, he shall be liable for action under section 447.]

Where this provision sits

ActThe Companies Act, 2013
Section86
Marginal notePunishment for contravention.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

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. 16, for sub-section (1) (w.e.f. 21-12-2020).
  • other, Act 22 of 2019. . Section 86 numbered as sub-section (1) thereof by Act 22 of 2019, s.12 (w.e.f. 2-11-2018).
  • inserted. . Ins. by s. 12, ibid. (w.e.f. 2-11-2018).

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