If any company fails to keep any books of account, or fails to prepare any balance sheet or profit and loss account, or fails to keep any minute book, or fails to keep any register of members, or fails to keep any register of debenture-holders, or fails to keep any register of charges, or fails to keep any register of directors, or fails to keep any register of managers, or fails to keep any register of secretaries, or fails to keep any register of auditors, or fails to keep any register of liquidators, or fails to keep any register of receivers, or fails to keep any register of persons in charge of, or responsible for, the management of the company, or fails to keep any register of persons who have been in employment of the company, he shall be punishable with fine which may extend to one lakh rupees.
Companies Act, 2013
Section 380
Punishment for failure to keep books of account
Englishहिंदी
⚡ Quick Answer Reference: Section 380 Companies Act
- Provision: Section 380 of Companies Act
- Act: Companies Act, 2013
- Classification: corporate
- Jurisdiction: India
- Liability / Punishment: Fine of 1 lakh rupees
Statutory Content
What does Section 380 of Companies Act say?
Indian StandardSection 380, Companies Act, 2013
Bluebook (21st ed.)Companies Act, 2013, § 380 (India)
Court Pleading StandardSection 380 of the Companies Act, 2013
Canonical Web linkhttps://nyaya.cloud/acts/companies-act-2013/380
Embed this Section Card
Want to display this Section explanation card on your website? Copy and paste the HTML code below:
Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗
Criminal Liability
Punishment under Section 380 Companies Act
Fine of 1 lakh rupees
People Also Ask (PAA)
Common Questions about Section 380 Companies Act
What is Section 380 of Companies Act?
Section 380 of the Companies Act, 2013 (Companies Act) defines and regulates "Punishment for failure to keep books of account". The section states: If any company fails to keep any books of account, or fails to prepare any balance sheet or profit and loss account, or fails to keep any minute book, or fails to keep any register...
What is the punishment under Section 380 of Companies Act?
Under Section 380 of Companies Act, the prescribed liability/punishment is: Fine of 1 lakh rupees
Landmark Case Laws
Landmark Judgments under Section 380 Companies Act
Patnahcucisdb94 High Court (10 8)
Patnahcucisdb94 High Court (10 8)
Commonly Cited Alongside
Sections commonly cited alongside Section 380
Contextual Workflows
Recommended AI Workstation Tools
Related Concepts
books of accountbalance sheetprofit and loss accountminute bookregister of membersregister of debenture-holdersregister of chargesregister of directorsregister of managersregister of secretariesregister of auditorsregister of liquidatorsregister of receiversregister of persons in chargeregister of persons in employment