Friday, August 19, 2016

Section 451 of Companies Act 2013

Section 451 of Companies Act 2013 :-

Punishment for wrongful withholding of property.

If a company or an officer of a company commits an offence punishable either with fine or with imprisonment and where the same offence is committed for the second or subsequent occasions within a period of three years, then, that company and every officer thereof who is in default shall be punishable with twice the amount of fine for such offence in addition to any imprisonment provided for that offence.

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

Section 451 Companies Act 1956 has been repealed.

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