TIOL-DDT 2517 · Wednesday, 14 January 2015 · story 4 of 5


Prosecution of Companies - Govt Authorises Officers Competent to file Complaints

AS per Section 439(2) of the Companies Act, 2013,

2) No court shall take cognizance of any offence under this Act which is alleged to have been committed by any company or any officer thereof, except on the complaint in writing of the Registrar, a shareholder of the company, or of a person authorised by the Central Government in that behalf:

Provided that the court may take cognizance of offences relating to issue and transfer of securities and non-payment of dividend, on a complaint in writing, by a person authorised by the Securities and Exchange Board of India:

Provided further that nothing in this sub-section shall apply to a prosecution by a company of any of its officers.

In pursuance of this Section, Government has authorised certain officers of in the office of Regional Director (Northern Region) at Noida for the purposes of filing complaint under Section 159 (If any individual or director of a company, contravenes any of the provisions of section 152, section 155 and section 156, such individual or director of the company shall be punishable with imprisonment for a term which may extend to six months or with fine which may extend to fifty thousand rupees and where the contravention is a continuing one, with a further fine which may extend to five hundred rupees for every day after the first during which the contravention continues.)of the Act in respect of offences under section 155 [No individual, who has already been allotted a Director Identification Number under section 154, shall apply for, obtain or possess another Director Identification Number.] of the Act.

Ministry of Corporate Affairs Notification., Dated January 09 2015