Penalty Imposed for Violation of Companies Act.

Press Information Bureau
Government of India
Ministry of Corporate Affairs

17-August-2012 16:26 IST

Penalty Imposed for Violation of Companies Act

              All prosecutions filed by the Registrar of Companies (RoCs) before the competent courts of law for violation of the provisions of the Companies Act, 1956, are considered as criminal cases.    The cases are decided by the competent courts on merits of each case with imposition of monetary fine and/or imprisonment as per relevant provisions of the Companies Act.

            Total fine imposed by the Hon’ble Court(s) for violation of the provisions of the Companies Act, 1956 during last three financial years are as follows:

            This Information was given by the Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Lok Sabha today.

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