Amended and updated notes on section 445 of Companies Act 2013. Detail discussion on provisions and rules related to compensation for accusation without reasonable cause.
Chapter XXVIII (Sections 435–446B) of the Companies Act, 2013 (CA 2013) deals with the provisions related to Special Courts. Section 445 of CA 2013 provides for compensation for accusation without reasonable cause.
Recently, we have discussed in detail section 444 (Appeal against acquittal) of CA 2013. Today, we learn the provisions of section 445 of the Companies Act 2013.
The provisions of section 445 are effective from 12th September, 2013. You may refer Notification No. S.O. 902(E) dated 12-09-2013. In this article, you will learn detail of the provisions of section 445 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XXVIII |
| Chapter Name | Special Courts |
| Section No. | 445 |
| Section Name | Compensation for accusation without reasonable cause |
| Monthly Updated Edition | Company Law PDF |
Section 445 of Companies Act 2013: Compensation for accusation without reasonable cause
Section 445 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
The provisions of section 250 of the Code of Criminal Procedure, 1973 shall apply mutatis mutandis to compensation for accusation without reasonable cause before the Special Court or the Court of Session