Companies Act, 1956

Section - 218 - Penalty for improper issue, circulation or publication of balance-sheet or profit and loss account

Penalty for improper issue, circulation or publication of balance sheet or profit and loss account.

218. (a) If any copy of a balance sheet or profit and loss account which has not been signed as required by is issued, circulated or published; or

(b) If any copy of a balance sheet is issued, circulated or published without there being annexed or attached thereto, as the case may be, a copy each of (i) the profit and loss account, (ii) any accounts, reports or statements which, by virtue of , are required to be attached to the balance-sheet, (iii) the auditors’ report, and (iv) the Board’s report referred to in ;

the company, and every officer of the company who is in default, shall be punishable with fine which may extend to [five thousand] rupees.

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