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[Cites 0, Cited by 2] [Section 497] [Entire Act]

Union of India - Subsection

Section 497(7) in The Companies Act, 1956

(7)If the Liquidator fails to call a general meeting of the company as required by this section, he shall be punishable with fine which may extend to [five thousand rupees] [ Substituted by Act 53 of 2000, Section 198, for " five hundred rupees" (w.e.f. 13.12.2000).].