Section 446A - Responsibility of directors and officers to submit to Tribunal audited books of account. - Companies Act, 1956

Responsibility of directors and officers to submit to Tribunal audited books of account. [1] [446A. The directors and other officers of every company shall ensure that books of account of the company are completed and audited up to date of winding up order made by the Tribunal and submitted to it at the cost of the company, failing which such directors and officers shall be liable for punishment for a term not exceeding one year and fine for an amount not exceeding one lakh rupees.] ---------------------------------------- Notes:- [1] Inserted by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified.