NOTES ON EFFECTIVE PROVISIONS OF COMPANIES ACT 2013


Page 98

POWER OF CENTRAL GOVERNMENT TO MAKE RULES [SECTION 469]

The Central Government may by notification may rules for carrying out the provisions of this Act. Any rule may provide that a contravention thereof shall be punishable with fine which may extend to five thousand rupees and where the contravention is a continuing one, with a further fine which may extend to five hundred rupees for every day after the first during which such contravention continues.

The copy of every notification issues under this section shall be laid before each House of Parliament for a period of thirty days in session. Both Houses may disapprove the notification or modify it within this period.

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