Friday, August 19, 2016

Section 453 of Companies Act 2013

Section 453 of Companies Act 2013 :-

Punishment for improper use of “Limited” or “Private Limited”.

If any person or persons trade or carry on business under any name or title, of which the word “Limited” or the words “Private Limited” or any contraction or imitation thereof is or are the last word or words, that person or each of those persons shall, unless duly incorporated with limited liability, or unless duly incorporated as a private company with limited liability, as the case may be, punishable with fine which shall not be less than five hundred rupees but may extend to two thousand rupees for every day for which that name or title has been used.

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

Section 453 Companies Act 1956 has been repealed.

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