Subs. by Act 29 of 2020, s. 62, for section 446B (w.e.f. 22-1-2021). — THE COMPANIES ACT, 2013

2. Subs. by Act 29 of 2020, s. 62, for section 446B (w.e.f. 22-1-2021). be, shall be liable to a penalty which shall not be more than one-half of the penalty specified in such provisions subject to a maximum of two lakh rupees in case of a company and one lakh rupees in case of an officer who is in default or any other person, as the case may be. Explanation.—For the purposes of this section,— (a) " Producer Company " means a company as defined in clause (l) of section 378A; (b) " start -up company " means a private company incorporated under this Act or under the Companies Act, 1956 (1 of 1956) and recognised as start-up in accordance with the notification issued by the Central Government in the Department for Promotion of Industry and Internal Trade.] CHAPTER XXIX MISCELLANEOUS

Section 2