Section 169: Penalties
The Companies Act, 2017 · Federal Acts · in_force
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169. Penalties.—Whoever contravenes or fails to comply with any of the provisions of sections 154 to 168 or is a party to the contravention of the said provisions shall be liable to a penalty of level 2 on the standard scale and may also be debarred by the authority which imposes the penalty from becoming or continuing a director of the company for a period not exceeding three years.
Effective date: 2017-05-30
Related sections
Section 168: Validity of acts of directorsSection 170: Restriction on director's remunerationSection 167: Consent to act as director to be filed with companySection 171: Vacation of office by the directorsSection 166: Manner of selection of independent directors and maintenance of databank ofSection 172: Disqualification orders
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