Indian Bare Acts

The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

Sec 423    -     Penalty for non-compliance with sections 421and 422.

    If default is made in complying with the requirements of section 421 or 422, the company, and every officer of the company who is in default, shall be punishable with fine which may extend to two thousand rupees.

          For the purposes of this section, thereceiver shall be deemed to be an officer of the company.

Last updated on May, 2015

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