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.

What is Compounding of certain offences? What is Mediation and Conciliation Panel? Section 441 and 442 of Indian Companies Act 2013

What is Power of Central Government to appoint company prosecutors? What is appeal against acquittal? What is Compensation for accusation without reasonable cause? Section 443, 444 and 445 of Indian Companies Act 2013

What is Application of fines? What is Punishment for fraud? What is Punishment for false evidence? Section 446, 447 and 448 of Indian Companies Act 2013

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

What is Punishment for wrongful withholding of property? What is Punishment for improper use of “Limited” or “Private Limited”? Section 452 and 453 of Indian Companies Act 2013

What is Adjudication of penalties? What is Dormant company? Section 454 and 455 of Indian Companies Act 2013

What is Protection of action taken in good faith? What is Nondisclosure of information in certain cases? What is Delegation by Central Government of its powers and functions? Section 456, 457 and 458 of Indian Companies Act 2013

What is Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications? What is Condonation of delay in certain cases? Section 459 and 460 of Indian Companies Act 2013

 

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