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[Cites 0, Cited by 5] [Section 299] [Entire Act]

Union of India - Subsection

Section 299(4) in The Companies Act, 1956

(4)Every Director who fails to comply with sub-section (1) or (2) shall be punishable with fine which may extend to [fifty thousand rupees] [Substituted by Act 65 of 1960, Section 104, for sub-Section (2) to (5) (w.e.f. 28.12.1960). ].