If any default is made in holding a meeting of the company in accordance with section 96 or section 97 or section 98 or in complying with any directions of the Tribunal, the company and every officer of the company who is in default shall be punishable with fine which may extend to one lakh rupees and in the case of a continuing default, with a further fine which may extend to five thousand rupees for every day during which such default continues.
Section 99: Punishment for default in complying with provisions of sections 96 to 98.
The Companies Act, 2013Central Act · Act 18 of 2013
Where this provision sits
| Act | The Companies Act, 2013 |
|---|---|
| Section | 99 |
| Marginal note | Punishment for default in complying with provisions of sections 96 to 98. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 3 |
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