Cos 453 — Punishment for improper use of “Limited” or “Private Limited”

Companies Act, 2013

Statutory text

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.

Back to Cos