Commencement Notification CA2013 :: Miscellaneous :: Section 453 :: Punishment for improper use of “Limited” or “Private Limited”

Chapter XXIX Miscellaneous (447 – 470)

Section 453- 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, be punishable with fine which shall not be less than five hundred rupees but may extend to two thousand rupees for every day upon  which that name or title has been used.

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