Section 30 - Amendment of section 143 - The Companies (Amendment) Act, 2020

Amendment of section 143. 30. In section 143 of the principal Act, for sub-section (15), the following sub-section shall be substituted, namely:- (15) If any auditor, cost accountant, or company secretary in practice does not comply with the provisions of sub-section (12), he shall,- (a) in case of a listed company, be liable to a penalty of five lakh rupees; and (b) in case of any other company, be liable to a penalty of one lakh rupees. .