What is Punishment for false evidence What is Punishment where no specific penalty or punishment is provided What is Punishment in case of repeated default Section 449, 450 and 451 of Indian Companies Act 2013

Punishment for false evidence, Punishment where no specific penalty or punishment is provided and Punishment in case of repeated default are defined under Section 449, 450  and 451 of Indian Companies Act 2013. Provisions under these Sections are:

 

Section 449 of Indian Companies Act 2013 "Punishment for false evidence"

Save as otherwise provided in this Act, if any person intentionally gives false evidence -

(a) upon any examination on oath or solemn affirmation, authorised under this  Act; or

(b) in any affidavit, deposition or solemn affirmation, in or about the winding up of any company under this Act, or otherwise in or about any matter arising under this Act, he shall be punishable with imprisonment for a term which shall not be less than three years but which may extend to seven years and with fine which may extend to ten lakh rupees.


 

Section 450 of Indian Companies Act 2013 "Punishment where no specific penalty or punishment is provided"

If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made there under, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been accorded, given or granted, and for which no penalty or punishment is provided elsewhere in this Act, the company and every officer of the company who is in default or such other person shall be punishable with fine which may extend to ten thousand rupees, and where the contravention is continuing one, with a further fine which may extend to one thousand rupees for every day after the first during which the contravention continues.

 

Section 451 of Indian Companies Act 2013 "Punishment in case of repeated default"

If a company or an officer of a company commits an offence punishable either with fine or with imprisonment and where the same offence is committed for the second or subsequent occasions within a period of three years, then, that company and every officer thereof who is in default shall be punishable with twice the amount of fine for such offence in addition to any imprisonment provided for that offence.

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