Violation of Provisions of Companies Act by Companies 


IndiaCSR News Network

indiacsr logoNEW DELHI: The Government has taken cognizance of the companies which have violated the provisions of Companies Act, 1956. The details of prosecutions filed and penalty imposed during the relevant period are enclosed as Annexure.


A. Details of prosecution filed and penalty imposed, recovered during last three years and current year (upto 20/04/2015) by Registrars of Companies.

(Figure in Rupees)

Sl. No. Year Prosecution Filed Penalties Imposed
2012-13 10,837 60,22,115
2013-14 13,475 38,09,232
2014-15 5,866 1,65,32,482
2015-16 (upto 20/4/15) 211 7,97,500
Total 30,389 2,71,61,329

B. During last three years Serious Fraud Investigation Office has filed 230 complaints in different courts/forums. The year wise break-up is as under.

Sl. No. Year No. of complaints filed
2012-13 50
2013-14 94
2014-15 86
Total 230

During this period, in respect of the cases filed by SFIO, conviction has been made in 12 cases wherein fine of approximately Rs. 3 Crore have been imposed. In six cases Directors of the Company concerned have been sentenced to imprisonment for six months.

This information was given by Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.

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