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Section 168 – The Companies Act,1956

The Companies Act, 1956

168. Penalty for default in complying with section 166 or 167.

If default is made in holding a meeting of the company in accordance with section 166, or in complying with any directions of 1[Tribunal or the Central Government, as the case may be,] under sub-section (1) of section 167, the company, and every officer of the company who is in default, shall be punishable with fine which may extend to 2[fifty thousand rupees] 3[and in the case of a continuing default, with a further fine which may extend to 4[two thousand five hundred rupees] for every day after the first during which such default continues].

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1. Subs. by Act 11 of 2003, sec. 23, for “Central Government”.

2. Subs. by Act 53 of 2000, sec. 73, for “five thousand rupees” (w.e.f. 13-12-2000).

3. Ins. by Act 65 of 1960, sec. 44 (w.e.f. 28-12-1960).

4. Subs. by Act 53 of 2000, sec. 73, for “two hundred and fifty rupees” (w.e.f. 13-12-2000).

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The Companies Act, 1956

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