Amended and updated notes on section 451 of Companies Act 2013. Detail discussion on provisions and rules related to punishment in case of repeated default.
Chapter XXIX (Sections 447–470) of the Companies Act, 2013 (CA 2013) deals with the provisions related to miscellaneous. Section 451 of CA 2013 provides for punishment in case of repeated default.
Recently, we have discussed in detail section 450 (Punishment where no specific penalty or punishment is provided) of CA 2013. Today, we learn the provisions of section 451 of the Companies Act 2013.
The provisions of section 451 are effective from 12th September, 2013. You may refer Notification No. S.O. 2754(E) dated 12.09.2013. In this article, you will learn detail of the provisions of section 451 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. | XXIX |
| Chapter Name | Miscellaneous |
| Section No. | 451 |
| Section Name | Punishment in case of repeated default |
| Monthly Updated Edition | Company Law PDF |
Section 451 of Companies Act 2013: Punishment in case of repeated default
Section 451 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
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 and every officer thereof who is in default shall be punishable with twice the amount of fine for such offence in addition to any imprisonment provided for that offence.