SECTION 172. PUNISHMENT
[Effective from 1st April, 2014]
If a company contravenes any of the provisions of this Chapter and for which no specific punishment is provided therein, the company and every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.
Dear corporatelawreporter.com owner, Thanks for the valuable information!