Unlisted public limited having turnover around 360cr as per last audited b/s but there's not any women director in BOD.
Is there any penalty? If yes then pls provide sec also.
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penulty against non compliance of 149
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If no specific penalty is mentioned under any section from 149 to 171. For Company and Every officer in default shall be liable of a penalty of not less than Rs. 50000 but can be upto maximum five lakhs for each. Refer section 172
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