Company act

Corporate & Other Laws

Explain me this topic: If One Person Company or any officer of such company contravenes the provisions, they shall be punishable with fine which may extend to ten thousand rupees and with a further ne which may extend to one thousand rupees for every day after the first during which such contravention continues.

Sumita Shah

CA Inter

★ 2K+

05-Oct-21 23:29

500

Answers (1)

one person company or any officer of such company contravenes( breach rules, break rules )the provision Liable to a penalty of ten thousand rupees and in case of continuing contravention with a farther penalty of one thousand rupees for each day

Sejal Shivani

CA Foundation

★ 5K+

06-Oct-21 00:05