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Section 374 – The Companies Act,1956

The Companies Act, 1956

374. Penalty for contravention of section 372 or 373

If default is made in complying with the provisions of 1[section 372 [excluding sub-sections (6) and (7)] or section 373], every officer of the company who is in default shall be punishable with fine which may extend to 2[fifty thousand rupees].

1. Subs. by Act 65 of 1960, sec. 140, for “section 372 or 373” (w.e.f. 28-12-1960).

2. Substituted by Act 53 of 2000, sec. 167, for “five thousand rupees” (w.e.f. 13-12-2000)

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The Companies Act, 1956

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