Category A

S. Section Particulars Company Officer in

No. Default
1. Section 118 Default in complying 25000 5000
Minutes of Proceedings with provision in respect
of any meeting
2. Section 119 Inspection is refused or 25000 5000 for each
Inspection of Minute Book copy required not default
of general Meeting furnished within the time
specified
3. Section 136 Default in complying 25000 5000
Right of Member to Copies with provision
of AFS

4. Section 190 Default in complying 25000 5000 for each

Contract of Employment with provision default
with MD or WTD

5. Section 105 Default in complying 5000

Proxies with provision

6. Section 60 Default in complying 10,000 for each 5,000 for each

Publication of Authorized, with provision default default
Subscribed and Paid-up
Share Capital
7. Section 17 Default in complying 1000 per day (ddc) or 1 lakh (less)
Copies of Memorandum, with provision of this
Articles etc to be Given to Section
Members
8. Section 39 Default in complying 1000 per day (ddc) or 1 lakh (less)
Allotment of Securities by with provision of this
Company Section
9. Section 94 If, 1000 per day (ddc) – max. 1 lakh
Place of keeping and • Inspection
Inspection of Registers, • Making of any
Returns etc extract or copy
required
is refused
10. Section 12 Default in complying 1000 per day (ddc) – max. 1 lakh
Registered Office of the with provision of this
Company Section
11. Section 15 Alteration of Default in complying 1000 for every copy of memorandum
Memorandum or Articles to with provision of this or articles issued without such
be noted in every copy Section alteration
12. Section 91 Closed 5000 per day – max.1 lakh
Power to close register of • without giving notice (during which register closed)
Members or DH or other or
SH • after giving shorter
notice

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 • For a continuous or
aggregate period in
excess of limits
specified
13. Section 99 Default is made in Extend to 1 lakh + further fine 5000
Punishment for Default in holding a meeting of the for every day (ddc)
complying with the company in accordance
Provision of 96 to 98 of Section 96 or 97 or 98
or in complying any
direction of Tribunal
14. Section 206 Company fail to furnish Extend to 1 lakh + further fine 5000
Power to Call for Info or Expln or produce for every day (ddc)
Information, Inspect Book any document required
and Conduct Inquiries
15. Section 111 Default in complying 25,000
Circulation of Member’s with provision
Resolution
16. Section 33 Default in complying 50,000 for each
Issue of Application form with provision of this default
for Securities Section
17. Section 56 Default in complying 50,000
Transfer and Transmission with provision of this
of Securities ss(1) to (5)
18. Section 102 Default in complying Every Promoter,
Statement to be annexed to with provision Dir, KMP or
Notice Mgr : Penalty of
50,000 or 5
times benefits
accruing to the
mentioned
person or their
relative w.e
higher

19. Section 159 Co., DIR, Indv : Default Extend to 50,000 For Individual
in complying with the + 500 per day or Director :
provision (ddc) Extend to 50,000
155 Prohibition to obtain + 500 per day
more than one DIN (ddc)
152 Appointment of
Director
156 Director to intimate
DIN

20. Section 238 Director issue a circular 100,000

Registration of Offer of which has not been
Schemes involving Transfer presented for registration
of Shares and registered

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 Category B

S. No. Section Particulars Company Officer in

Default
1. Section 204 Contravention of Company, Officer of Company or
Secreterial Audit for Bigger Provision PCS – 2 lakh
Companies
2. Section 88 Fails to maintain 3 lakh 50,000
Register of members register of
Members, DH or
other security
holders
3. Section 134 Fails to file a copy 3 Lakh 50,000
Financial Statement, Board Report of FS
etc
4. Section 68 Default in Fine - 1 lakh – 3 lakh
Power of Company to purchase its complying with the
own Securities provision of this
Section or SEBI
Regulations

5. Section 64 Fails to comply 500 per day 500 per day (ddc) –
Notice to be given to Registrar for with the provision (ddc) – max. max. 1 lakh
Alteration of Share Capital 5 lakh

6. Section 89 Any Person Fails Person: 50,000+200 per day(ddc)-

Declaration in Respect of to make a max 5 lakh
Beneficial Interest in any Share declaration
Fails to file a 1000 per day 1000 per day (ddc)
return or fails to do (ddc) – – maximum 2 lakh
so before the maximum 5
expiry of time lakh
specified
7. Section 165 Person accept Person : 2000 per day (ddc)-
Number of Directorship appointment as maximum 2 lakh
Director in
contravention of
Provision

Section 92 Fails to file a 10,000 + 10,000 + 100 per

8. Annual Return return within the 100 per day day (ddc) – max
time specified (ddc) – max 50,000
2 lakh

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9. Section 117 Fails to file a 10,000 + 10,000 + 100 per
Resolution and Agreement to be resolution or 100 per day day (ddc) – max
Filed agreement before (ddc) – max 50,000
the expiry of time 2 lakh
Section 137 Fails to file the 10,000 + • MD & CEO
Copy of FS to be filed with the copy of FS 100 per day (or)
10. Registrar (ddc) – max • Director
2 lakh charged with
such
responsibility
(or)
• All the director
10,000 + 100 per
day (ddc) – max
50,000
Section 203 Default in 5L+ Every Director and
11. Appointment of KMP complying with the 1000 per day KMP :
provision of this (ddc)- 50,000+1000 per
Section maximum 5 day (ddc)-
lakh maximum 5 lakh
Section 232 If the Co. fails to 20,000 + 1000 per day (ddc) –
Merger and Amalgamation file the certified max. 3 lakh
copy of order with
12. ROC for
registration within
30 days of receipt
13. Section 187 Default in 5 lakh 50,000
Investment By Company held in its complying with the
own Name provision
14. Section 178 Contravention of 5 lakh 1 lakh
NRC Section 177 or 178
15. Section 197 Any person Any person : 1 lakh- 5 lakh
Overall maximum Managerial contravenes the
Remuneration provision of this
Section
16. Section 53 Fails to comply Penalty = Amount raised through
Prohibition of Issue of Share at with the provision issue of share at discount or 5
Discount Lakhs (Less)
(and) Company: Liable to refund
all monies with Interest rate 12%
p.a. from DOI

17. Section 242 1L- 25L 25, 000- 1L

Power of Tribunal

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 Category C
S. Section Particulars Company Officer in Default
No.
1. Section 57 Deceitfully Personates Any Person –
Punishment for Imprisonment1-3 years
Personation of SH and Fine 1 lakh- 5 lakh

2. Section 58 Contravention of an Any Person –

Refusal of Registration Order of Tribunal Imprisonment:1-3 years
and appeal against regarding refusal of and Fine 1 lakh- 5 lakh
refusal registration of and
appeal against refusal
3. Section 67 Contravention of 1 lakh – 25 lakh Imprisonment : 1-3 years
Restriction on purchase Provision and Fine 1 lakh- 25 lakh
by Company or Giving
loan by it For Purchase
of share
4. Section 221 Removal of funds, 1 lakh-25 lakh Imprisonment : 3 year or
Freezing of Assets of disposal, assets, fine 50,000- 5 lakh or
Company properties in both
contravention of order
of Tribunal
5. Section 229 Person or Officer/EE of
Penalty for False Company/BC –
Statement, Mutilation, punishable for fraud u/s
Destruction of Doc(s) 447
6. Section 118 Tampering of minutes Person: Imprisonment: 2
Minutes of Proceedings year and fine 25000- 1
of GM/BM lakh
7. Section 452 Wrongfully Obtain Office or EE : 1 lakh-5
Punishment for possession/Wrongfully Lakh and refund or
Wrongfully withhold it/Knowingly deliver and refund any
withholding of mis-applied property or benefit
property derived- Default – Jail 2
year
8. Section 182 Make contribution in 5 times of Imprisonment : 6 months
Prohibition and contravention of amount and fine 5 times of
Restriction regarding provision contributed amount contributed
Political Contribution

9. Section 222 Contravention of order 1 lakh-25 lakh Imprisonment: 6 month

Imposition of of Tribunal or fine 50,000- 5 lakh or
Restriction on both
Securities of Company
10. Section 245 Company fails to 5 L -25L Imprisonment : 3 years +
Class Action Suits comply with order of Fine 25k-5L
Tribunal
11. Section 221 Removal of funds, 1 lakh-25 lakh Imprisonment : 3 year or
Freezing of Assets of disposal, assets, fine 50,000- 5 lakh or
Company properties in contrav both
of order

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