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[Cites 0, Cited by 3] [Section 154] [Entire Act]

Union of India - Subsection

Section 154(2) in The Companies Act, 1956

(2)If the register of members or of debenture holders is closed without giving the notice provided, in sub-section (1), or after giving shorter notice than that so provided, or for a continuous or an aggregate period in excess of the limits specified in that sub-section, the company, and every officer of the company who is in default, shall be punishable with fine which may extend to [five thousand rupees] for every day during which the register is so closed.