Indian Bare Acts

The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

 

Sec279    -    Penalty.

    Any person who holds office, or acts, as a director of more than fifteen companies in contravention of the foregoing provisions shall be punishable with fine which may extend to fifty thousand rupees in respect of each of those companies after the first twenty.

 

** Section 280 repealed  by theCompanies (Amendment) Act, 1965 (31 of 1965), section 36 w.e.f. 15th October,1965.

** Section 281 repealed  bysection 37, ibid, with  w.e.f. 15th October, 1965.

** Section 282 repealed  bysection 38, ibid, with  w.e.f. 15th October, 1965.

 

Last updated on May, 2015

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