Punishment for contravention of section 73 or section 76 - ...
Fine for Violating Companies Act: Minimum Penalty of Rs. 1 Crore or Twice the Deposit, per Section 76A(a.
January 7, 2018
Act Rules Companies Law
Punishment for contravention of section 73 or section 76 - Rationalization of amount of fine - Minimum fine for failure in repayment of deposits and interest thereon shall be rupees one crore or twice the amount of deposit accepted, whichever is lower - Section 76A(a) of the Companies Act, 2013
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