18 May 2021

Section 392, of The Companies Act 2013

Section 392, of The Companies Act 2013

 

Punishment for Contravention

                                                                                                          Notified Date of Section: 01/04/2014

 

392. Without prejudice to the provisions of section 391, if a foreign company contravenes the provisions of this Chapter, the foreign company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to three lakh rupees and in the case of a continuing offence, with an additional fine which may extend to fifty thousand rupees for every day after the first during which the contravention continues and every officer of the foreign company who is in default shall be punishable 1[Omitted] with fine which shall not be less than twentyfive thousand rupees but which may extend to 2[five lakh rupees].