CHAPTER XXIX MISCELLANEOUS [Section 457 is brought to force with effect from September 12, 2013.] Nondisclosure of information in certain cases. Section 457. Notwithstanding anything contained in any other law for the time being in force, the Registrar, any officer of the Government or any other person shall not be compelled to disclose to any … Continue reading Section 457 Nondisclosure of information in certain cases.
Category: Transaction Advisory
Transaction advisory – covering legal compliance under Companies Act, Securities Contracts Regulations (SCRA), Listing Agreement, Legal Metrology, Trade Marks, Foreign Exchange Management Act (FEMA), Labour laws, Sick Industrial Companies (SICA), Recovery of Dues to Banks and Financial Institutions Act, 1993 (RDB Act), Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI)
Section 456 Protection of action taken in good faith.
CHAPTER XXIX MISCELLANEOUS [Section 456 is brought to force with effect from September 12, 2013.] Protection of action taken in good faith. Section 456. No suit, prosecution or other legal proceeding shall lie against the Government or any officer of the Government or any other person in respect of anything which is in good faith … Continue reading Section 456 Protection of action taken in good faith.
Section 453 Punishment for improper use of “Limited†or “Private Limitedâ€.
CHAPTER XXIX MISCELLANEOUS [Section 453 is brought to force with effect from September 12, 2013.] Punishment for improper use of “Limited†or “Private Limitedâ€. Section 453. 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 … Continue reading Section 453 Punishment for improper use of “Limited†or “Private Limitedâ€.
Section 452 Punishment for wrongful withholding of property.
CHAPTER XXIX MISCELLANEOUS [Section 452 is brought to force with effect from September 12, 2013.] Punishment for wrongful withholding of property. Section 452. (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, … Continue reading Section 452 Punishment for wrongful withholding of property.
Section 451 Punishment in case of repeated default.
CHAPTER XXIX MISCELLANEOUS [Section 451 is brought to force with effect from September 12, 2013.] Punishment in case of repeated default. Section 451. 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 … Continue reading Section 451 Punishment in case of repeated default.
Section 450 Punishment where no specific penalty or punishment is provided.
CHAPTER XXIX MISCELLANEOUS [Section 450 is brought to force with effect from September 12, 2013.] Punishment where no specific penalty or punishment is provided. Section 450. 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 thereunder, or any condition, … Continue reading Section 450 Punishment where no specific penalty or punishment is provided.
Section 449 Punishment for false evidence.
CHAPTER XXIX MISCELLANEOUS [Section 449 is brought to force with effect from September 12, 2013.] Punishment for false evidence. Section 449. 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 … Continue reading Section 449 Punishment for false evidence.
Section 448 Punishment for false statement.
CHAPTER XXIX MISCELLANEOUS [Section 448 is brought to force with effect from September 12, 2013.] Punishment for false statement. Section 448. 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 … Continue reading Section 448 Punishment for false statement.
Section 447 Punishment for fraud
CHAPTER XXIX MISCELLANEOUS [Section 447 is brought to force with effect from September 12, 2013.] Punishment for fraud Section 447. Without prejudice to any liability including 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 … Continue reading Section 447 Punishment for fraud
Section 446 Application of fines.
CHAPTER XXVIII SPECIAL COURTS [Section 446 is brought to force with effect from September 12, 2013.] Application of fines. Section 446. The court imposing any fine under this Act may direct that the whole or any part thereof shall be applied in or towards payment of the costs of the proceedings, or in or towards … Continue reading Section 446 Application of fines.
