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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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eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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