Question
What is the punishment for improper use of “Limited” or “Private Limited” under the Companies Act?
Solution
Section 453. Punishment for improper use of “Limited” or “Private Limited”- If any person or persons trade or carry on business under any name or title, of which the word “Limited” or the words “Private Limited” or any contraction or imitation thereof is or are the last word or words, that person or each of those persons shall, unless duly incorporated with limited liability, or unless duly incorporated as a private company with limited liability, as the case may be, punishable with fine which shall not be less than five hundred rupees but may extend to two thousand rupees for every day for which that name or title has been used.
More Other Laws and Acts Questions
- A person intentionally administers poison to another with the knowledge that the act is likely to cause death. Under which section of the Bharatiya Nyaya S...
- Special Courts will follow the procedure as mentioned under
- Section 9(1) of the Environment (Protection) Act, 1986 binds which persons to prevent/mitigate pollution from excess discharge?
- Consider the following statements regarding confiscation of property acquired through corruption: Statement 1: Property acquired through corrupt means is ...
- The Pension Advisory Committee shall consist of______________
- According to the ________ rule of interpretation, meaning of a word should be known from its Accompany ignore associating words?
- Who are intermediary under the Insurance Act?
- The Principal Bench of the Tribunal shall be at New Delhi which shall be presided over by the ________________
- Statement I: Section 1(2) of the DSPE Act provides that the Act extends to the whole of India. Statement II: Section 2(1) limits the original investigativ...
- The period of limitation is regulated by the ________for disputes required to be referred to arbitration
Relevant for Exams:
