#Penalty #Punishment #Section450 #CompaniesAct2013 #Officer #Limitation Introduction If a company, any officer thereof, or any other person violates any provision of this Act or the rules thereunder, or any condition, limitation, or restriction to which any approval, sanction, consent, confirmation, recognition, direction, or exemption with respect to any matter has been accorded, given, or granted, and for which no penalty or punishment is provided elsewhere in this Act, the

#Section449 #CompaniesAct #False #Evidence #Punishment #Affidavit #law #judicial One of the most crucial sections for those testifying under the 2013 Act, this section corresponds to Section 629 of the 1956 Act. According to Section 449, if a person knowingly provides false testimony in any of the following circumstances: (a) During an examination under oath or solemn affirmation authorized by this Act; (b) In an affidavit, deposition, or solemn affirmation related to the win

#Section448 #Punishment #False #Statement #Liable #Section447 #law #companiesact Introduction The pre-certification work and attestation/audit assignments performed by practicing professionals like CAs, CS's, and CMAs are covered by this section, which corresponds to Section 628 of the 1956 Act. Provision According to Section 448, if any person makes a statement that is either : (a) False in any material particulars, knowing it to be false, or (b) omits any material fact, kno

#Fraud #Section447 #Punishment #WrongfulGain #WrongfulLoss This section is covered under Chapter XXIX of Companies Act, 2013. Introduction Under this article without prejudice to any liability under this Act or any other law currently in force, any person found guilty of fraud involving an amount of at least ten lakh rupees or one percent of the company's turnover, whichever is lower shall be punished by imprisonment for a term of not less than six months but not more than te