Section 330: Penalty on director or authorised agent of foreign company in cases of

330. Penalty on director or authorised agent of foreign company in cases of failure by director, agent or Board to comply with Act (1) Every director of a company who fails to comply with section 38 (1) or (4), 61 (3) or 246 (2) shall commit an offence and shall, on conviction, be liable to a fine not exceeding 100,000 rupees. (2) Where the Board fails to comply with section 44 (3), 45 (3), 179 (3), 191 (2), 210 (1), 223 (1) or (2), 262 (5) or 263 (2), every director of the company shall commit an offence and shall, on conviction, be liable to a fine not exceeding 100,000 rupees. (3) Where the Board fails to comply with section 193, 207, 212 (1), 218 (1), 219 (1) or 220, every director of the company shall commit an offence and shall, on conviction, be liable to a fine not exceeding 200,000 rupees. (4) Where a foreign company to which Part XXII applies commits an offence, every authorised agent of that foreign company shall commit the like offence unless he proves that the offence was committed without his knowledge or that he had exercised due diligence to ensure that the offence was not committed. [S. 330 amended by s. 13 (r) of Act 11 of 2018 w.e.f. 9 August 2018.]