THE COMPANIES ACT, 2013
ACT NO. 18 OF 2013
COMPANIES ACT 2013 SECTION 172 CHAPTER XI
APPOINTMENT AND QUALIFICATIONS OF DIRECTORS
Punishment.— If a company contravenes any of the provisions of this Chapter and for which no specific punishment is provided therein, the company and every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.