Various Fines & Penalties Chart under Companies Act 2013

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Various Fines & Penalties Chart under Companies Act 2013

Section	Nature of Default	Penalty	Person to be held responsible of offence
204	Default in Complying Secretarial Audit	Min – 1 lakhMax – 5 lakh	The Co. & every officer who is in default, CS in Practise
203	Default in Complying Appointment of KMP	Min – 1 lakhMax – 5 lakh	On Co.
Max – 50,000/- & Contravention Continue then Rs. 1000/- per day	On Every Dir. & KMP
195	Prohibition on Insider Trading	Max Imprisonment – 5 Years OR Min Fine – 5 Lakh Max fine – 25 Cr 3times of profit(whichever is higher) OR Both	every officer who is in default
194	Prohibition on Forward Dealings by Dir or KMP	Max Imprisonment – 2 Years OR Min Fine – 1 Lakh Max fine – 5 Lakh OR Both	On Dir. & KMP
191	Payment to Dir for loss of Profit in connection with Transfer of Propery or Shares	Min Fine- 25,000/Max Fine – 1 Lakh	On director
189	Fails to Comply Register of Contract in which Dir are interested	Fine – 25,000/-	Every Director
188	Violation of RPT Transaction Prepared	In Listed Co. -Max Imprisonment – 1 Years OR Min Fine – 25,000 Max fine – 5 Lakh OR Both In Any other Co. – Min Fine- 25,000/Max Fine – 5 Lakh	Any Dir. or any other employee who entered into Contract

187	Default in Complying of – Investments of Company to be held in its own name	Min – 25,000/Max – 25 Lakh	On Co.
Max Imprisonment – 6 Months OR Min Fine -25,000/Max fine – 1 Lakh OR Both	On Every Officer who is in Default
186	Loan & Investment by Company	Min – 25,000/Max – 5 Lakh	On Co.
Max Imprisonment – 2 Years AND Min Fine -25,000/Max fine – 1 Lakh	On Every Officer who is in Default
185	Contraventiom of Loan to Director	Min – 5 Lakh Max – 25 Lakh	On Co.
Max Imprisonment – 6 Months OR Min Fine -5 Lakh Max fine – 25 Lakh OR Both	On Director & person whom LGS provided
184	Default of Complying in Disclosure of interest by Direcrtor	Max Imprisonment – 1 Year ORMin Fine -50,000/Max fine -1 Lakh OR Both	On Dir
182	Prohibition & Restriction on Plolitical Contribution	Max Fine – 5 times of the amount Contributed	On Co.
Max Imprisonment – 6 Months AND Max Fine – 5 times of the amount Contributed	On Every Officer who is in Default
177	Audit Committee	On CompanyMin – 1 Lakh Max – 5 Lakh On Every Officer Max Imprisonment – 1 year OR Min Fine – 25,000/Max Fine – 1 Lakh OR Both
178	N & R Committee & Stakeholders RelationShip Committee

166	Default in Complying of Duties of Director	Min – 1 LakhMax – 5 Lakh	On director of the Company
165	Person of accept Directorship in contravention of this section	Min – 5000Max – 25000 for Every Day above limit	Person who Accept the appointmentprescribed
139 to 146	Related to Auditor Ch.	Min – 25,000/Max – 5 Lakh	On Co.
Max Imprisonment – 1 Years OR Min Fine -10,000/Max fine – 1 Lakh OR Both	On Every Officer who is in Default
135	Default in Complying CSR	NO FINE ONLY REASON
134	Default In disclosure of Board Report	Min – 50,000/Max – 25 Lakh	On Co.
Max Imprisonment – 3 Years OR Min Fine -50,000/Max fine – 5 Lakh OR Both	On Every Officer who is in Default
197	Default in complying Max Managerial Remuneration payable	Min – 1 lakh Max – 5 lakh	The Co. & every officer who is in default

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