Commencement Notification CA2013 :: Miscellaneous :: Section 452 :: Punishment for wrongful withholding of property
Chapter XXIX Miscellaneous (447 - 470) Section 452- Punishment for wrongful withholding of property (1) If any officer or employee of a company” (a) wrongfully obtains possession of any property, including cash of the company; or (b) having any such property including cash in his possession, wrongfully withholds it or knowingly applies it for the… Read More
Commencement Notification CA2013 :: Miscellaneous :: Section 451 :: Punishment in case of repeated default
Chapter XXIX Miscellaneous (447 - 470) Section 451- Punishment in case of repeated default If a company or an officer of a company commits an offence punishable either with fine or with imprisonment and where the same offence is committed for the second or subsequent occasions within a period of three years, then, that company… Read More
Commencement Notification CA2013 :: Miscellaneous :: Section 450 :: Punishment where no specific penalty or punishment is provided.
Chapter XXIX Miscellaneous (447 - 470) Section 450- Punishment where no specific penalty or punishment is provided If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made there under, or any condition, limitation or restriction subject to which any approval,… Read More
Commencement Notification CA2013 :: Miscellaneous :: Section 449 :: Punishment for false evidence.
Chapter XXIX Miscellaneous (447 - 470) Section 449- Punishment for false evidence Save as otherwise provided in this Act, if any person intentionally gives false evidence” (a) upon any examination on oath or solemn affirmation, authorised under this Act; or (b) in any affidavit, deposition or solemn affirmation, in or about the winding up of… Read More
Commencement Notification CA2013 :: Miscellaneous :: Section 448 :: Punishment for false statements
Chapter XXIX Miscellaneous (447 - 470) Section 448- Punishment for false statements Save as otherwise provided in this Act, if in any return, report, certificate, financial statement, prospectus, statement or other document required by, or for, the purposes of any of the provisions of this Act or rules made thereunder, any person makes a statement,”… Read More
Commencement Notification CA2013 :: Miscellaneous :: Section 447 :: Punishment for fraud
Chapter XXIX Miscellaneous (447 - 470) Section 447- Punishment for fraud Without prejudice to any liability including for repayment of any debt under this Act or any other law for the time being in force, any person who is found to be guilty of fraud, shall be punishable with imprisonment for a term which shall… Read More
Commencement Notification CA2013 :: Special Courts :: Sections 444 – 446
Chapter XXVIII- Special Courts (435 - 446) Section 444- Appeal against acquittal Notwithstanding anything contained in the Code of Criminal Procedure, 1973, the Central Government may, in any case arising under this Act, direct any company prosecutor or authorise any other person either by name or by virtue of his office, to present an appeal… Read More
Commencement Notification CA2013 :: Special Courts :: Section 443 :: Power of Central Government to appoint company prosecutors
Chapter XXVIII- Special Courts (435 - 446) Section 443- Power of Central Government to appoint company prosecutors Notwithstanding anything contained in the Code of Criminal Procedure, 1973, the Central Government may appoint generally, or for any case, or in any case, or for any specified class of cases in any local area, one or more… Read More
Commencement Notification CA2013 :: Special Courts :: Section 439 :: Offences to be non-cognizable
Chapter XXVIII- Special Courts (435 - 446) Section 439- Offences to be non-cognizable (1) Notwithstanding anything in the Code of Criminal Procedure, 1973, every offence under this Act except the offences referred to in sub-section (6) of section 212 shall be deemed to be non-cognizable within the meaning of the said Code. (2) No Court… Read More
Commencement Notification CA2013 :: National Company Law Tribunal :: Section 414 :: Salary, allowances and other terms and conditions of service of Members
Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Section 414- Salary, allowances and other terms and conditions of service of Members The salary, allowances and other terms and conditions of service of the Members of the Tribunal and the Appellate Tribunal shall be such as may be prescribed: Provided that neither the… Read More
Commencement Notification CA2013 :: National Company Law Tribunal :: Section 413 :: Term of office of President, Chairperson and other Members
Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Section 413- Term of office of President, Chairperson and other Members (1) The President and every other Member of the Tribunal shall hold office as such for a term of five years from the date on which he enters upon his office, but shall… Read More
Commencement Notification CA2013 :: National Company Law Tribunal :: Section 412 :: Selection of Members of Tribunal and Appellate Tribunal
Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Section 412- Selection of Members of Tribunal and Appellate Tribunal (1) The President of the Tribunal and the Chairperson and the Judicial Members of the Appellate Tribunal shall be appointed after consultation with the Chief Justice of India. (2) The Members of the Tribunal… Read More
Commencement Notification CA2013 :: National Company Law Tribunal :: Section 411 :: Qualification of Chairperson and Members of Appellate Tribunal.
Chapter XXVII-National Company Law Tribunal and Appellate Tribunal (407 - 434) Section 411- Qualification of Chairperson and Members of Appellate Tribunal (1) The Chairperson shall be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court. (2) A Judicial Member shall be a person… Read More
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