Amended and updated notes on section 453 of Companies Act 2013. Detail discussion on provisions and rules related to punishment for improper use of “Limited” or “Private Limited”.
Chapter XXIX (Sections 447–470) of the Companies Act, 2013 (CA 2013) deals with the provisions related to miscellaneous. Section 453 of CA 2013 provides for punishment for improper use of “Limited” or “Private Limited”
Recently, we have discussed in detail section 452 (Punishment for wrongful withholding of property) of CA 2013. Today, we learn the provisions of section 453 of the CA 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. | 453 |
| Section Name | Punishment for improper use of “Limited” or “Private Limited” |
| Monthly Updated Edition | Company Law PDF |
Section 453 of Companies Act 2013: Punishment for improper use of “Limited” or “Private Limited”
Section 453 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013
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, punishable with fine which shall not be less than five hundred rupees but may extend to two thousand rupees for every day for which that name or title has been used.