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[Cites 0, Cited by 1] [Section 308] [Entire Act]

Union of India - Subsection

Section 308(3) in The Companies Act, 1956

(3)Any person who fails to comply with sub-section (1) or (2) shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to [fifty thousand rupees], or with both.Remuneration of Directors