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Section 598 – The Companies Act,1956

The Companies Act, 1956

598. Penalties.

If any foreign company fails to comply with any of the foregoing provisions of this Part, the company, and every officer or agent of the company who is in default, shall be punishable with fine which may extend to1[ten thousand rupees], and in the case of a continuing offence, with an additional fine which may extend to 2[one thousand rupees] for every day during which the default continues.

1. Subs. by Act 53 of 2000, sec. 215, for “one thousand rupees” (w.e.f. 13-12-2000).

2. Subs. by Act 53 of 2000, sec. 215, for “one hundred rupees” (w.e.f. 13-12-2000).

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The Companies Act, 1956

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