Punishment for contravention (Section 159 of the Companies Act, 2013) :

Section 159 of the Companies Act, 2013 provides for Punishment for contravention of any of the provisions of section 152, 155 and 156 of the Act .

According to the section, if any individual or director of a company, contravenes any of the provisions of section 152, 155 and 156, such individual or director of the company shall be punishable with imprisonment for a term which may extend to 6 months or with fine which may extend to ` 50,000 and where the contravention is a continuing one, with a further fine which may extend to ` 500 for every day after the first during which the contravention continues.