Indian Bare Acts

The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

Sec168    -     Penalty for default in complying with section 166 or 167.

If default is made in holding a meeting of the company in accordance with section 166, or in complying with any directions of the Central Government under sub-section (1) of section 167, the company, and every officer of the company who is in default, shall be punishable with fine which may extend tofifty thousand rupees and in the case of a continuing default, with a further fine which may extend to twothousand five hundred rupees for every day after the first during which such default continues.

Last updated on May, 2015

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