Section 420 - Penalty for contravention of sections 417, 418 and 419. - Companies Act, 1956

Penalty for contravention of sections 417, 418 and 419. 420. Any officer of a company, or any such trustee of a provident fund as is referred to in sub-section (4) of section 418 who, knowingly, contravenes, or authorises or permits the contravention of, the provisions of section 417, 418 or 419, shall be punishable with [1] [imprisonment for a term which may extend to six months, or with fine which may extend to [2] [ten thousand rupees]]. ----------------------------------------- Notes:- [1] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 160, for "fine which may extend to five hundred rupees". [2] Substituted for "one thousand rupees" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000.