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XIV: Inspection, Inquiry and Investigation

Find the below markmap

Markmap

Penalties

SectionOffencePenalty for CompanyPenalty for Officer/Person
206(7)Failure to furnish info to Registrar (Inquiry) Fine up to ₹1 Lakh + ₹500/dayFine up to ₹1 Lakh + ₹500/day
207(4)Disobeying Registrar/Inspector (Inquiry)N/AJail up to 1 yr AND Fine ₹25k-₹1 Lakh
217(6)Disobeying Registrar/Inspector (Investigation)N/AJail up to 1 yr AND Fine ₹25k-₹1 Lakh
217(8)Failure to produce books/appear personallyN/AJail up to 6 months AND Fine ₹25k-₹1 Lakh + ₹2k/day
221(2)Contravention of Asset Freeze OrderFine ₹1 Lakh – ₹25 LakhsJail up to 3 yrs OR Fine ₹50k-₹5 Lakhs OR Both
222(2)Contravention of Securities RestrictionsFine ₹1 Lakh – ₹25 LakhsJail up to 6 months OR Fine ₹25k-₹5 Lakhs OR Both
229False statement / Destruction of docsN/APunishable for Fraud (Sec 447)

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