Penalties after incorporation of the company - Part 1

| Last updated: 21 September 2022

Quick Summary
Companies and their officers can face significant penalties if they fail to comply with the Companies Act, 2013. These consequences can range from substantial fines to imprisonment, depending on the nature and severity of the default. The article outlines various sections of the Act where penalties apply, detailing the specific defaults, liable parties, and the associated civil and criminal liabilities.

If a company has defaulted any of the provisions of the Companies Act, 2013, the company as well as every officer in default have to face the consequences. The consequences can be in the nature of civil liability and criminal liability. The same has been discussed below- Na
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Neethi V. Kannanth

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