LAWyersclubindia LCI
Login  Register
LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Section 594 and penalty

(Querist) 16 July 2009 This query is : Resolved 
a foreign company has been contravening Section 394 for the past 4 years due to ignorance of the law. Penalty under Section 598 states a maximum of Rs.10,000 and for continuing default Rs. 1000 per day. What is the maximum limit for this continuing default? or can the penalty go upto any amount??
Report Abuse
s.subramanian (Expert) 17 September 2010
Yes. Till the default and breach continues.

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now





Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!