Amendment status not verified — confirm the current text below against the official source.
1 [159. Penalty for default of certain provisions. -- If any individual or director of a company makes any default in complying with any of the provisions of section 152, section 155 and section 156, such individual or director of the company shall be liable to a penalty which may extend to fifty thousand rupees and where the default is a continuing one, with a further penalty which may extend to five hundred rupees for each day after the first during which such default continues.]
Amended up to 2019-04-22View on India Code →