Punishment where no specific penalty or punishment is provided
Section 450 of the Companies Act, 2013 deals with punishment where no specific penalty or punishment is provided. If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any The Act came into force on 01 Apr 2014.
If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been accorded, given or granted, and for which no penalty or punishment is provided elsewhere in this Act, the company and every officer of the company who is in default or such other person shall be 1 [liable to a penalty of ten thousand rupees, and in case of continuing contravention, with a further penalty of on thousand rupees for each day after the first during which the contravention continue, subject to a maximum of two lakh rupees in case of a company and fifty thousand rupees in case of an officer who is in default or any other person].
Section 450, The Companies Act, 2013 (Act 18 of 2013).
Related judgements & precedents
These are some judgments that construed this section, and hold precedence value. They hold authority on how to read, interpret and use this section.
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JSTI TRANSFORMERS PVT. LTD vs REGISTRAR OF COMPANIES, HIMACHAL PRADESH
Court's Decision & Legal Precedent
On a petition expressly framed under s.441 read with s.173(1) and s.450 of the Companies Act, 2013, the Tribunal allowed the company's and its directors' application to compound the default in holding board meetings, the punishment for which is supplied by the residuary provision in s.450.
On this section: Treats s.450 as the operative penal provision where the contravened section (here s.173(1)) carries no penalty of its own, and holds that a default so punishable is compoundable under s.441.
The holding above is the ratio decidendi as extracted from the judgment by eCourts India, reproduced unaltered — it is a rendering of the court's reasoning, not a substitute for its words. Read the order itself before relying on it.
Made under this section, and citing it
1 instrument states that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.
Another 4 instruments name this provision in its title or its text without being made under it.
- G.S.R No. 38(E) Companies Appointment and Qualification of Directors Amendment Rules 2023 dated 20.01.2023Rule 2023
- Companies (Appointment and Qualification of Directors) 3rd Amendment Rules, 2018.Rule 2018
- National Financial Reporting Authority Rules(NFRA) 2018Rule 2018
- The Companies (Appointment and Qualification of Directors) Amendment Rules, 2014Rule 2014
Questions about Section 450
What have the courts held on Section 450 of the Companies Act?
JSTI TRANSFORMERS PVT. LTD vs REGISTRAR OF COMPANIES, HIMACHAL PRADESH (17 Aug 2023) is the leading judgment on this section among those set out below: Treats s.450 as the operative penal provision where the contravened section (here s.173(1)) carries no penalty of its own, and holds that a default so punishable is compoundable under s.441.
How do I find court cases under Section 450 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 450, section 450 Companies Act, section 450 of the Companies Act. People searching for it also type companies act 2013 section 450. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome. 1 reported judgment on this section is set out on this page, beginning with JSTI TRANSFORMERS PVT. LTD vs REGISTRAR OF COMPANIES, HIMACHAL PRADESH (17 Aug 2023).
What should I read with Section 450 of the Companies Act, and has it changed?
The rules and notifications made under it are where it actually bites, and there is one: most recently Companies (Restriction on number of layers)Rules 2017 (2017).
When did Section 450 of the Companies Act come into force?
Section 450 of the Companies Act, cited as Companies Act 450, 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 14 Oct 2026. This page is not a substitute for legal advice.