1. C OMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16, Kasturba Gandhi Marg, New Delhi – 110 001. Mob.: 9810037364 E-mail : arunsaxena@saxenaandsaxena.com

2. MAJOR PENALTIES

3. PENALTIES Some of the important penalties provided in the new Companies Act, 2013:- 3 SAXENA & SAXENA SectionParticularsMinimum PenaltyMaximum Penalty Section8Non-Profit making companies i.Company – Rs.10.00 lakh ii.Director /Officer – Rs.25,000/- Rs.100.00 lakhs Imprisonment upto 3 years or with fine Rs.25.00 lakhs Section 26 Relating to the prospectus Rs.50,000/-Rs.3.00 lakh (with imprisonment which may extend to three years for every person in default)

4. PENALTIES 4 SAXENA & SAXENA SectionParticularsMinimum Penalty Maximum Penalty Section40Making public offer Rs.5.00 LakhsRs. 50.00 lakhs, (imprisonment one year or with fine Rs.50,000/- to Rs.3,00,000/- for every officer in default) Section46Default in issue of duplicate certificate of shares with intend to defraud Five times of face value Ten times of face value or Rs.10.00 crores whichever is higher and every officer shall be punishable under clause 447.

5. PENALTIES 5 SAXENA & SAXENA SectionParticularsMinimum PenaltyMaximum Penalty Section 66Reduction of capital Rs.5.00 LakshRs.25.00 Lakhs Section 74Repayment of deposit Rs.1.00 croresRs.10.00 crores (imprisonment which may extend to 7 years or with fine Rs.25.00 lacs or Rs.2.00 crores for every officer in default).

6. PENALTIES 6 SAXENA & SAXENA SectionParticularsMinimum Penalty Maximum Penalty Section117Filing of Resolutions and agreements Rs.5.00 LakhsRs.25.00 Lakhs (with fine of Rs.1.00 lakh to Rs.5.00 lakhs for every officer in default). Section195Insider tradingImprisonment upto 5 years or with fine Rs.5,00,000/- Imprisonment upto 5 years or with fine Rs.25.00 crores or three times of amount of profit earned whichever is higher.

7. THANK YOU 7 SAXENA & SAXENA