Section 626- The Companies Act,1956

The Companies Act, 1956

626. Application of fines

The 1[Court or Tribunal] imposing any fine under this Act may direct that the whole or any part thereof shall be applied in or towards payment of the costs of the proceedings, or in or towards the rewarding of the person on whose information or at whose instance the fine is recovered.

1. Subs for “Court”, the words by the Companies (Second Amendment) Act, 2002, w.e.f. 13th January, 2003.

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The Companies Act, 1956

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