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CS Executive · Company Law and Practice · Meetings of Board and its Committees

Under the Companies Act, 2013, which consequence applies to a person found guilty of tampering with the minutes of a meeting?

A person guilty of tampering with minutes is punishable with imprisonment up to two years and a fine of at least twenty-five thousand rupees, which may extend to one lakh rupees, under section 118(12). The five thousand rupee penalty applies to officers in default, not tampering.

  1. APenalty of five thousand rupees only
  2. BImprisonment up to two years and fine of at least twenty-five thousand rupees, extending to one lakh rupeesCorrect
  3. CImprisonment up to six months with no fine
  4. DFine up to two lakh rupees with no imprisonment

Explanation

Section 118(12) provides for imprisonment up to two years and a fine of not less than twenty-five thousand rupees which may extend to one lakh rupees. The five thousand rupee figure relates to the penalty on officers in default under section 118(11), a different default.

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