The Companies Act, 1956
218. Penalty for improper issue, circulation or publication of balance-sheet or profit and loss account.
(a) If any copy of a balance-sheet or profit and loss account which has not been signed as required by section 215 is issued, circulated or published; or
(b) If any copy of a balance-sheet is issued, circulated or published without there being annexed or attached thereto, as the case may be, a copy each of (i) the profit and loss account, (ii) any accounts, reports or statements which, by virtue of section 212, are required to be attached to the balance-sheet, (iii) the auditors’ report, and (iv) the Board’s report referred to in section 217;
the company, and every officer of the company who is in default, shall be punishable with fine which may extend to 1[five thousand rupees].
1. Subs. by Act 53 of 2000, sec. 102, for “five hundred rupees” (w.e.f. 13-12-2000).