Companies Act, 2013

Section 274

Penalty for failure to lay annual return before the company

⚡ Quick Answer Reference: Section 274 Companies Act

Provision: Section 274 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India
Liability / Punishment: Fine of twenty-five thousand rupees to five lakh rupees

Statutory Content

What does Section 274 of Companies Act say?

Every officer of a company who is in default shall be punishable with fine which shall not be less than twenty-five thousand rupees but which may extend to five lakh rupees.

Indian StandardSection 274, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 274 (India)

Court Pleading StandardSection 274 of the Companies Act, 2013

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

Criminal Liability

Punishment under Section 274 Companies Act

Fine of twenty-five thousand rupees to five lakh rupees

Common Questions about Section 274 Companies Act

What is Section 274 of Companies Act?

Section 274 of the Companies Act, 2013 (Companies Act) defines and regulates "Penalty for failure to lay annual return before the company". The section states: Every officer of a company who is in default shall be punishable with fine which shall not be less than twenty-five thousand rupees but which may extend to five lakh rupees....