Rule 4 - Penalty - Application of section 159 to Foreign Companies Rules, 1975

04. Penalty. (1) If a foreign company fails to comply with any provisions contained in these Rules, the company, and every officer of the company in default, shall be punishable with fine which may extend to five hundred rupees, and, where the contravention is a continuing one, with a further fine which may extend to fifty rupees for every day, after the first during which such contravention continues. (2) For the purposes of these Rules, "every officer of the company in default" means the person or persons whose names and addreses have been delivered to the Registrar under clause (d) of sub-section (1) of section 592.