Sunday, August 7, 2016

Section 159 of Companies Act 2013

Section 159 of Companies Act 2013 :-

Punishment for contravention.

Obligation to indicate Director Identification Number. If any individual or director of a company, contravenes any of the provisions of section 152, section 155 and section 156, such individual or director of the company shall be punishable with imprisonment for a term which may extend to six months or with fine which may extend to fifty thousand rupees and where the contravention is a continuing one, with a further fine which may extend to five hundred rupees for every day after the first during which the contravention continues.

India's Important Case Laws and Landmark Judgments on Companies Act 2013.

Section 159 Companies Act 1956 has been repealed.

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