Companies Act, 2013

Section 379

Punishment for failure to attend meetings of board or to deposit dividend

⚡ Quick Answer Reference: Section 379 Companies Act

Provision: Section 379 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India
Liability / Punishment: Fine of 1 lakh rupees

Statutory Content

What does Section 379 of Companies Act say?

If any director of a company, being present at a meeting of the board of directors, fails to attend to any business of the company, or fails to deposit any dividend, he shall be punishable with fine which may extend to one lakh rupees.

Indian StandardSection 379, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 379 (India)

Court Pleading StandardSection 379 of the Companies Act, 2013

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

Criminal Liability

Punishment under Section 379 Companies Act

Fine of 1 lakh rupees

Common Questions about Section 379 Companies Act

What is Section 379 of Companies Act?

Section 379 of the Companies Act, 2013 (Companies Act) defines and regulates "Punishment for failure to attend meetings of board or to deposit dividend". The section states: If any director of a company, being present at a meeting of the board of directors, fails to attend to any business of the company, or fails to deposit any dividend, he shall be pu...