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Various Fines & Penalties Chart under Companies Act 2013

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Various Fines & Penalties Chart under Companies Act 2013. Hi Friends here we are providing Complete chart for Fines & Penalties Chart under Companies Act 2013. In this article you can find full list of Various Fines & Penalties Chart under Companies Act 2013. Recently we are providing Complete details for Incorporation of Pvt. Ltd. Company as per Companies Act 2013 and Interest Income – Tax Treatment – Complete Details. another various articles related to companies act 2013. Now You can scroll down below and check Various Fines & Penalties Chart under Companies Act 2013.

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Various Fines & Penalties Chart under Companies Act 2013

Various Fines & Penalties Chart under Companies Act 2013

Section Nature of Default Penalty Person to be held responsible of offence
204 Default in Complying Secretarial Audit Min – 1 lakhMax – 5 lakh The Co. & every officer who is in default, CS in Practise
203 Default in Complying Appointment of KMP Min – 1 lakhMax – 5 lakh On Co.
Max – 50,000/- & Contravention Continue then Rs. 1000/- per day On Every Dir. & KMP
195 Prohibition on Insider Trading Max Imprisonment – 5 Years OR Min Fine – 5 Lakh Max fine – 25 Cr 3times of profit(whichever is higher) OR Both every officer who is in default
194 Prohibition on Forward Dealings by Dir or KMP Max Imprisonment – 2 Years OR Min Fine – 1 Lakh Max fine – 5 Lakh OR Both On Dir. & KMP
191 Payment to Dir for loss of Profit in connection with Transfer of Propery or Shares Min Fine- 25,000/­Max Fine – 1 Lakh On director
189 Fails to Comply Register of Contract in which Dir are interested Fine – 25,000/- Every Director
188 Violation of RPT Transaction Prepared In Listed Co. -Max Imprisonment – 1 Years OR Min Fine – 25,000 Max fine – 5 Lakh OR Both

In Any other Co. –

Min Fine- 25,000/­Max Fine – 5 Lakh

Any Dir. or any other employee who entered into Contract
187 Default in Complying of – Investments of Company to be held in its own name Min – 25,000/­Max – 25 Lakh On Co.
Max Imprisonment – 6 Months OR Min Fine -25,000/­Max fine – 1 Lakh OR Both On Every Officer who is in Default
186 Loan & Investment by Company Min – 25,000/­Max – 5 Lakh On Co.
Max Imprisonment – 2 Years AND Min Fine -25,000/­Max fine – 1 Lakh On Every Officer who is in Default
185 Contraventiom of Loan to Director Min – 5 Lakh Max – 25 Lakh On Co.
Max Imprisonment – 6 Months OR Min Fine -5 Lakh Max fine – 25 Lakh OR Both On Director & person whom LGS provided
184 Default of Complying in Disclosure of interest by Direcrtor Max Imprisonment – 1 Year ORMin Fine -50,000/­Max fine -1 Lakh OR Both On Dir
182 Prohibition & Restriction on Plolitical Contribution Max Fine – 5 times of the amount Contributed On Co.
Max Imprisonment – 6 Months AND Max Fine – 5 times of the amount Contributed On Every Officer who is in Default
177 Audit Committee On CompanyMin – 1 Lakh

Max – 5 Lakh

On Every Officer

Max Imprisonment – 1 year OR Min Fine – 25,000/­Max Fine – 1 Lakh OR

Both

178 N & R Committee & Stakeholders RelationShip Committee
166 Default in Complying of Duties of Director Min – 1 LakhMax – 5 Lakh On director of the Company
165 Person of accept Directorship in contravention of this section Min – 5000Max – 25000 for Every Day

above limit

Person who Accept the appointmentprescribed
139 to 146 Related to Auditor Ch. Min – 25,000/­Max – 5 Lakh On Co.
Max Imprisonment – 1 Years OR Min Fine -10,000/­Max fine – 1 Lakh OR Both On Every Officer who is in Default
135 Default in Complying CSR NO FINE ONLY REASON
134

 

Default In disclosure of Board Report Min – 50,000/­Max – 25 Lakh On Co.
Max Imprisonment – 3 Years OR Min Fine -50,000/­Max fine – 5 Lakh OR Both On Every Officer who is in Default
197 Default in complying Max Managerial Remuneration payable Min – 1 lakh Max – 5 lakh The Co. & every officer who is in default
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