CHAPTER 17
PROCEEDING OF LAWSUITS AND PUNISHMENTS
(1) In respect of any matter under this Act, a case may be filed and proceedings taken only with a complaint made by the Office or the director, officer, shareholder or member or creditor of a company or any other concerned person.
(2) Except in cases ….Read More….
The following person who commits the following offense shall be punished with a fine of twenty thousand rupees to fifty thousand rupees or with imprisonment for a term not exceeding two years or with both punishments:
- (a) where any director or officer ….Read More….
The following person who commits the following offense shall be punished with a fine of ten thousand rupees to fifty thousand rupees:
- (a) Where any shares are allotted in contravention of the provisions of this Act, the officer or person who ….Read More….
Except in matters contained in Sections 160 and 161, the Court may impose a fine of five thousand rupees to twenty thousand rupees on any company or every concerned director, managing director, manager, company secretary or employee of the company ….Read More….
If a director, officer of a company or a person causes any loss or damage to the company or shareholder or creditor or any other person by committing an offense punishable under this Act or by violating any provision contains in this Act or the ….Read More….
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