Section 378 Companies Act Explained: Punishment for disclosure of confidential information — Punishment, Bail & Case Law | Nyaya

Statutory Content

What does Section 378 of Companies Act say?

If any person, being or having been a director, manager, secretary or other officer of a company, or being or having been an auditor of a company, or being or having been a liquidator or receiver of a company, or being or having been a person in charge of, or responsible for, the management of a company, or being or having been a person who has been in employment of a company, discloses any confidential information relating to the company or any of its subsidiaries or holding companies, he shall be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to fifty thousand rupees, or with both.

Indian StandardSection 378, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 378 (India)

Court Pleading StandardSection 378 of the Companies Act, 2013

Canonical Web linkhttps://nyaya.cloud/acts/companies-act-2013/378

Embed this Section Card

Want to display this Section explanation card on your website? Copy and paste the HTML code below:

<iframe src="https://nyaya.cloud/api/widget/section?act=companies-act-2013&sec=378" width="100%" height="250" style="border:none; border-radius:8px;"></iframe>

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

Criminal Liability

Punishment under Section 378 Companies Act

Imprisonment for 6 months, or fine of 50,000 rupees, or both

Common Questions about Section 378 Companies Act

What is Section 378 of Companies Act?

Section 378 of the Companies Act, 2013 (Companies Act) defines and regulates "Punishment for disclosure of confidential information". The section states: If any person, being or having been a director, manager, secretary or other officer of a company, or being or having been an auditor of a company, or being or having been a liquida...