Adjudication of Penalty under Companies Act

Adjudication of Penalty under Companies Act

Adjudication of Penalty under Companies Act

Adjudication of Penalty under Companies Act means the official imposing of penalty as prescribed under the respective Sections of Companies Act on the Company and its officers by the designated officer of Ministry of Corporate Affairs.

Under Section 454 of the Companies Act, the Central Government has appointed the Registrar of Companies / Regional Directors as the adjudicating officers for adjudging penalty under the provisions of this Act.