Provisions of companies act 2013, that each CEOs & Business Owners must know to avoid huge penalties.

1. Are You Compliant with
These Provisions of
Companies Act 2013?
Soatech Solution - 2015

2. Soatech Solution - 2015
Section Subject Matter Compliance Exception
Penalty on
Company
Penalty on Officer in
Default
74 Repayment of Deposit
Filing of DPT-4 by June'14 (extended till
31.08.2014)
Repay the Deposit by March'2015
The Tribunal may on an application
made by the company, after
considering the Financial Condition
of the company allow further time
as considered reasonable.
1 Crore to 10
Crore
0-7 Years Imprisonment
or, 25 Lacs-2 Crore
or, both
185 Loan to Director
No company will give Loan/Gurantee to its
Directors or other person in which Director
is interested
Loan given as a part of the
conditions of service extended by
the company to all its Employees
or
pursuant to any scheme approved
by the members by a special
Resolution
5 Lacs to 25 Lacs
Penalty for Director and
Person to whom
loan/Gurantee is given
0-6 months Imprisonment
or, 5 -25 Lacs
or both
186
Loan to Person or
Company
a)Check Whether interest charge on loans
given at the minimum prescribed rate as
given u/s 186(7)
b) Check Loan given should not exceed 60%
of (Paid up Capital+Free Reserves) or 100%
of Free Reserves whichever is more.
If the loan amount exceeds the
limit, prior approval by means of
special resolution passed at
general meeting shall be necessary.
25 thousand to 5
Lacs
0-2 years Imprisonment
and, 25k -1 Lac

3. Soatech Solution - 2015
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