Section 454A of the Companies Act, 2013: Penalty for repeated default

The Companies Act, 2013

Chapter– XXIX Miscellaneous

1[Section 454A. Penalty for repeated default.

454A. Where a company or an officer of a company or any other person having already been subjected to penalty for default under any provisions of this Act, again commits such default within a period of three years from the date of order imposing such penalty passed by the adjudicating officer or the Regional Director, as the case may be, it or he shall be liable for the second or subsequent defaults for an amount equal to twice the amount of penalty provided for such default under the relevant provisions of this Act.]


Reference

1. Inserted by the Companies (Amendment) Act, 2019, w.e.f. 02.11.2018.

 

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