Section 44: Penalty
The Companies Act, 2017 · Federal Acts · in_force
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44. Penalty.—If a company licenced under section 42 or any of its officers makes default in complying with any of the requirements of sections 42 and 43 or the rules or regulations or the terms or conditions to which the licence is subject or any directions contained in a revocation order, it shall without prejudice to any other action be punishable by a penalty not exceeding of level 2 on the standard scale.
Effective date: 2017-05-30
Related sections
Section 43: Effect of revocation of licenceSection 45: Provision as to companies limited by guaranteeSection 42: Licencing of associations with charitable and not for profit objectsSection 46: Conversion of public company into private company and vice-versaSection 41: Form of memorandum and articlesSection 47: Conversion of status of private company into a single-member company and vice
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