Companies Act, 2013

Section 262

Power of Central Government to call for information, inspect books and documents and conduct inquiries

⚡ Quick Answer Reference: Section 262 Companies Act

Provision: Section 262 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India
Liability / Punishment: Fine up to 2 lakh rupees

Statutory Content

What does Section 262 of Companies Act say?

The Central Government may, for the purpose of ascertaining whether a company has failed to comply with the provisions of this Act or the rules made thereunder, require the company to furnish such information as it may require and to produce such books and documents as it may require for the purpose of inspection and the company shall be bound to furnish such information and produce such books and documents as aforesaid and if any company fails to comply with any requisition made under this section, the company and every officer of the company who is in default shall be punishable with fine which may extend to one lakh rupees and where the failure or default continues, with a further fine which may extend to one lakh rupees for every day after the first during which the failure or default continues.

Indian StandardSection 262, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 262 (India)

Court Pleading StandardSection 262 of the Companies Act, 2013

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

Criminal Liability

Punishment under Section 262 Companies Act

Fine up to 2 lakh rupees

Common Questions about Section 262 Companies Act

What is Section 262 of Companies Act?

Section 262 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Central Government to call for information, inspect books and documents and conduct inquiries". The section states: The Central Government may, for the purpose of ascertaining whether a company has failed to comply with the provisions of this Act or the rules made thereunder, require the company...