Companies Act, 1956
Section - 162 - Penalty and interpretation
Penalty and interpretation.162. (1) If a company fails to comply with any of the provisions contained in section , or , the company, and every officer of the company who is in default, shall be punishable with fine which may extend to [five hundred] rupees for every day during which the default continues.(2) For the purposes of this section and sections , and , the expressions "officer" and "director" shall include any person in accordance with whose directions or instructions the Board of directors of the company is accustomed to act.
ARTICLESHIP
24 June 2026
ARTICLE ASSISTANT
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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