Lesser penalties for One Person Companies or small companies
Section 446B of the Companies Act, 2013 deals with lesser penalties for One Person Companies or small companies. Notwithstanding anything contained in this Act, if penalty is payable for non-compliance of any of the provisions of this Act by a One Person Company, small company, start-up company or Producer Company, or by any of its officer in default, or any other person in respect of such company, then such c The Act came into force on 01 Apr 2014.
1[446B. Lesser penalties for certain companies.--Notwithstanding anything contained in this Act, if penalty is payable for non-compliance of any of the provisions of this Act by a One Person Company, small company, start-up company or Producer Company, or by any of its officer in default, or any other person in respect of such company, then such company, its officer in default or any other person, as the case may be, shall be liable to a penalty which shall not be more than one-half of the penalty specified in such provisions subject to a maximum of two lakh rupees in case of a company and one lakh rupees in case of an officer who is in default or any other person, as the case may be.
Explanation.--For the purposes of this section,--
(a) "Producer Company" means a company as defined in clause (l) of section 378A;
(b) "start-up company" means a private company incorporated under this Act or under the Companies Act, 1956 (1 of 1956) and recognised as start-up in accordance with the notification issued by the Central Government in the Department for Promotion of Industry and Internal Trade.]
Section 446B, The Companies Act, 2013 (Act 18 of 2013).
Cross-references
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Questions about Section 446B
What does Section 446B of the Companies Act deal with?
Section 446B of the Companies Act is headed "Lesser penalties for One Person Companies or small companies". [446B. Lesser penalties for certain companies.--Notwithstanding anything contained in this Act, if penalty is payable for non-compliance of any of the provisions of this Act by a One Person Company, small company, start-up company or Producer Company, or by any of its officer in default, or any othe
How do I find court cases under Section 446B of the Companies Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Companies Act 446B, section 446B Companies Act, section 446B of the Companies Act. People searching for it also type 446b companies act 2013. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 446B of the Companies Act, and has it changed?
Its own text turns on section 378A (Definitions), so none of them can safely be read on its own.
When did Section 446B of the Companies Act come into force?
Section 446B of the Companies Act, cited as Companies Act 446B, came into force on 01 Apr 2014, having been enacted on 29 Aug 2013. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions5089 words
- 143. Powers and duties of auditors and auditing standards1867 words
- 230. Power to compromise or make arrangements with creditors and members1432 words
- 232. Merger and amalgamation of companies1416 words
- 149. Company to have Board of Directors1403 words
- 217. Procedure, powers, etc., of inspectors1390 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.