Section 219: Penalty for contravention of section 217 or 218
The Companies Act, 2017 · Federal Acts · in_force
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219. Penalty for contravention of section 217 or 218.—Any contravention or default in complying with requirements of sections 217 or 218 shall be an offence liable to a penalty of level 1 on the standard scale and shall also be liable to pay the loss suffered by the depositor of security or the employee, on account of such contravention.
Effective date: 2017-05-30
Related sections
Section 218: Employees’ provident funds, contributory retirement funds and securitiesSection 220: Books of account, to be kept by companySection 217: Securities and depositsSection 221: Inspection of books of account by the CommissionSection 216: Company deemed to be a public interest company in certain circumstancesSection 222: Default in compliance with provisions of section 221
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