Any director of a corporation who fails to take reasonable steps to secure compliance by the corporation with the requirements of section 33, or who by his own wilful act has been the cause of any default by the corporation thereunder, shall, on conviction, in respect of each such offence be punished with fine which may extend to fifty rupees.
Section 73: Penalty for contravention of section 33
The Maharashtra Non-trading Corporations ActState Act of Maharashtra · Act 26 of 1959
Where this provision sits
| Act | The Maharashtra Non-trading Corporations Act |
|---|---|
| Section | 73 |
| Marginal note | Penalty for contravention of section 33 |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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