Cos 451 — Punishment in case of repeated default

Companies Act, 2013

Statutory text

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.

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