Companies Act, 1956
Section - 423 - Penalty for non-compliance with sections 421 and 422
Penalty for non-compliance with sections and .423. If default is made in complying with the requirements of section or , 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, the receiver shall be deemed to be an officer of the company..... To read the full section download the app from Google Play store
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