Costing Standards Accounting Standards E-Forms

The Companies Act, 1956

Companies Incorporated Outside India (Section 591 to Section 608)

Section 598 Penalties.

Section 598 Penalties.

If any foreign company fails to comply with any of the foregoing provisions of this Part, the company, and every officer or agent of the company who is in default, shall be punishable with fine which may extend to ten thousand rupees, and in the case of a continuing offence, with an additional fine which may extend to one thousand rupees for every day during which the default continues.