Notice of resolutions passed by creditors’ meeting to be given to Registrar :
Section – 501. (1) Notice of any resolution passed at a creditors’ meeting in pursuance ofshall be given by the company to the Registrar within ten days of the passing thereof.
(2) If default is made in complying with sub-section (1), the company, and every officer of the company who is in default, shall be punishable with fine which may extend to [five hundred] rupees for every day during which the default continues.
For the purposes of this section, a liquidator of the company shall be deemed to be an officer of the company.