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TypeBare Act JurisdictionCentral Government

Companies Act, 1956 Section 162

Penalty and Interpretation

~1 min read
https://sooperkanoon.com/act/11079

Bare act section · Research

About this section

Companies Act, 1956 Section 162 is part of Companies Act, 1956 - Penalty and Interpretation. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) if a company fails to comply with any of the provisions contained in sections 159, 160 or 161, the company, and every officer of the company who is in default, shall be punishable with fine which may, extend to1[five hundred rupees] for every day during which the default continues.

(2) For the purposes of this section and sections 159, 160, and 161, the expressions "officer" and "director" shall include any person in accordance with whose directions or instructions the Board of directors of the company is accustomed to act.

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1. Substituted by Act 53 of 2000, Section 70, for "fifty rupees" (w.e.f. 13-12-2000).

Frequently asked questions

What does Companies Act, 1956 Section 162 provide?

Section Section 162 of the Companies Act, 1956 (Penalty and Interpretation) is reproduced on this page as part of the Companies Act, 1956. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 1956 Section 162?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 1956 Section 162. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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