Various Fines & Penalties Chart under Companies Act 2013

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

SectionNature of DefaultPenaltyPerson to be held responsible of offence
204Default in Complying Secretarial AuditMin – 1 lakhMax – 5 lakhThe Co. & every officer who is in default, CS in Practise
203Default in Complying Appointment of KMPMin – 1 lakhMax – 5 lakhOn Co.
Max – 50,000/- & Contravention Continue then Rs. 1000/- per dayOn Every Dir. & KMP
195Prohibition on Insider TradingMax Imprisonment – 5 Years OR Min Fine – 5 Lakh Max fine – 25 Cr 3times of profit(whichever is higher) OR Bothevery officer who is in default
194Prohibition on Forward Dealings by Dir or KMPMax Imprisonment – 2 Years OR Min Fine – 1 Lakh Max fine – 5 Lakh OR BothOn Dir. & KMP
191Payment to Dir for loss of Profit in connection with Transfer of Propery or SharesMin Fine- 25,000/­Max Fine – 1 LakhOn director
189Fails to Comply Register of Contract in which Dir are interestedFine – 25,000/-Every Director
188Violation of RPT Transaction PreparedIn 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
187Default in Complying of – Investments of Company to be held in its own nameMin – 25,000/­Max – 25 LakhOn Co.
Max Imprisonment – 6 Months OR Min Fine -25,000/­Max fine – 1 Lakh OR BothOn Every Officer who is in Default
186Loan & Investment by CompanyMin – 25,000/­Max – 5 LakhOn Co.
Max Imprisonment – 2 Years AND Min Fine -25,000/­Max fine – 1 LakhOn Every Officer who is in Default
185Contraventiom of Loan to DirectorMin – 5 Lakh Max – 25 LakhOn Co.
Max Imprisonment – 6 Months OR Min Fine -5 Lakh Max fine – 25 Lakh OR BothOn Director & person whom LGS provided
184Default of Complying in Disclosure of interest by DirecrtorMax Imprisonment – 1 Year ORMin Fine -50,000/­Max fine -1 Lakh OR BothOn Dir
182Prohibition & Restriction on Plolitical ContributionMax Fine – 5 times of the amount ContributedOn Co.
Max Imprisonment – 6 Months AND Max Fine – 5 times of the amount ContributedOn Every Officer who is in Default
177Audit CommitteeOn CompanyMin – 1 Lakh

Max – 5 Lakh

On Every Officer

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

Both

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

above limit

Person who Accept the appointmentprescribed
139 to 146Related to Auditor Ch.Min – 25,000/­Max – 5 LakhOn Co.
Max Imprisonment – 1 Years OR Min Fine -10,000/­Max fine – 1 Lakh OR BothOn Every Officer who is in Default
135Default in Complying CSRNO FINE ONLY REASON
134

 

Default In disclosure of Board ReportMin – 50,000/­Max – 25 LakhOn Co.
Max Imprisonment – 3 Years OR Min Fine -50,000/­Max fine – 5 Lakh OR BothOn Every Officer who is in Default
197Default in complying Max Managerial Remuneration payableMin – 1 lakh Max – 5 lakhThe Co. & every officer who is in default

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