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[Cites 0, Cited by 0] [Section 454(8)] [Section 454] [Entire Act]

Union of India - Subsection

Section 454(8)(ii) in The Companies Act, 2013

(ii)Where an officer of a company who is in default does not pay the penalty within a period of ninety days from the date of the receipt of the copy of the order, such officer shall be punishable with imprisonment which may extend to six months or with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees, or with both.