Companies Act, 2013

Section 205

Default in complying with section 198 or section 201

⚡ Quick Answer Reference: Section 205 Companies Act

Provision: Section 205 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India
Liability / Punishment: Fine of one lakh rupees to five lakh rupees

Statutory Content

What does Section 205 of Companies Act say?

If a company fails to comply with the provisions of section 198 or section 201, the company and every officer of the company who is in default shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.

Indian StandardSection 205, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 205 (India)

Court Pleading StandardSection 205 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Criminal Liability

Punishment under Section 205 Companies Act

Fine of one lakh rupees to five lakh rupees

Common Questions about Section 205 Companies Act

What is Section 205 of Companies Act?

Section 205 of the Companies Act, 2013 (Companies Act) defines and regulates "Default in complying with section 198 or section 201". The section states: If a company fails to comply with the provisions of section 198 or section 201, the company and every officer of the company who is in default shall be punishable with fine which s...