Amended and updated notes on section 454A of Companies Act 2013. Detail discussion on provisions and rules related to penalty for repeated default.
Chapter XXIX (Sections 447–470) of the Companies Act, 2013 (CA 2013) deals with the provisions related to miscellaneous. Section 454A of CA 2013 provides for penalty for repeated default.
Recently, we have discussed in detail section 454 (Adjudication of penalties) of CA 2013. Today, we learn the provisions of section 454A of the Companies Act 2013.
The provisions of section 454A are effective from 2nd November, 2014. You may refer Notification No. S.O. 2902(E) dated 27th March, 2014. In this article, you will learn detail of the provisions of section 454A 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. | 454A |
| Section Name | Penalty for repeated default |
| Monthly Updated Edition | Company Law PDF |
Section 454A of Companies Act 2013: Penalty for repeated default
Section 454A inserted by the Companies (Amendment) Act, 2019 w.e.f. 2-11-2018
Where a company or an officer of a company or any other person having already been subjected to penalty for default under any provisions of this Act, again commits such default within a period of three years from the date of order imposing such penalty passed by the adjudicating officer or the Regional Director, as the case may be, it or he shall be liable for the second or subsequent defaults for an amount equal to twice the amount of penalty provided for such default under the relevant provisions of this Act.