Section 282 of the Companies Act, 2013
Section 282 of the Companies Act, 2013 pertains to the penalty for false statements made in any return, report, certificate, financial statement, prospectus, or other documents filed with the Registrar or any other authority under the Act.
🔹 Section 282 – Penalty for False Statements
✅ Key Provisions:
📌 1. Offense:
If any person makes a statement or produces a document that is false in any material particular knowingly or willfully in:
Any return,
Report,
Certificate,
Financial statement,
Prospectus,
Or other document filed under the Companies Act,
then such person is liable under this section.
📌 2. Penalty:
The person shall be punishable with imprisonment for a term which may extend to 2 years, or
With a fine which may extend to ₹1,00,000, or
With both imprisonment and fine.
📌 Objective:
To deter and penalize fraudulent or misleading information being filed with authorities.
To ensure accuracy and honesty in statutory disclosures by companies and their officers.
⚠️ Important Notes:
The punishment under this section is in addition to other penalties provided elsewhere under the Companies Act or any other law.
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