Section 392 - Punishment for contravention - Companies Act, 2013

Punishment for contravention 392. Without prejudice to the provisions of section 391, if a foreign company contravenes the provisions of this Chapter, the foreign company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to three lakh rupees and in the case of a continuing offence, with an additional fine which may extend to fifty thousand rupees for every day after the first during which the contravention continues and every officer of the foreign company who is in default shall be punishable 1 [ **** ] with fine which shall not be less than twenty-five thousand rupees but which may extend to 2 [ five lakh rupees ] . ************* NOTES:- 1. Omitted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as with imprisonment for a term which may extend to six months or 2. Substituted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as five lakh rupees, or with both