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149(3)

This query is : Resolved 
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(Querist)
06 December 2014 What are the consequences of violating section 149(3) of companies Act 2013?
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Shashikant Sharma

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Shashikant Sharma (Expert)
06 December 2014 Every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees
but which may extend to five lakh rupees.
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