Penalty Imposed for Violation of Companies Act

Posted: 20/08/2012 in News, PIB
Tags: , , ,

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:

Year

Amount in Rs.

2008-09

110,58,647

2009-10

92,30,317

2010-11

70,84,542

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.

Source: Press Information Bureau.

 

 

 

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