Public Liability Insurance Act, 1991
Section - 17B - Offence for failure to pay penalty or additional penalty
[Offence for failure to pay penalty or additional penalty.17B. (1) Where any person fails to pay the penalty or additional penalty imposed for-
within ninety days of such imposition, he shall be liable for imprisonment which may extend to three years or with fine which may extend up to fifteen lakh rupees, or with both.(2) Where any offence under sub-section (1) has been committed by a company, every person who, at the time the offence was committed, was directly in charge of, and was responsible to, the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of such offence and shall be liable to be proceeded against and punished accordingly:Provided that nothing contained in this sub-section shall render any such person liable to any punishment provided in this Act, if he proves that the offence was committed without his knowledge or that he exercised all due diligence to prevent the commission of such offence.(3) Notwithstanding anything contained in sub-section (2), where an offence .... To read the full section download the app from Google Play store
| (a) | - | contravention or continued contravention under section 14 or 17, as the case may be; or |
| (b) | - | non-compliance of the directions issued under section 15, |
Featured
28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES
T R SOOD & CO
New Delhi
CA Inter
View Details
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
View Details
ARTICLESHIP
08 June 2026
Internal & Taxation Article
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
CAclubindia
