Indian Bare Acts

The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

Sec 374    -     Penalty for contravention of section 372 or373.

    If default is made in complying with the provisions of section 372 excluding sub-sections (6) and (7) or section 373, every officer of the company who is in default shall be punishable with fine which may extend to fifty thousand rupees.

**Section 375 not reproduced here as it has become redundant after abolition ofthe system of managing agent, secretaries and treasurers by Act 17 of 1969 w.e.f.3rd April, 1670.

Last updated on May, 2015

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