Fines and penal provisions on Chartered Accountants (‘CA’) under the Companies Act, 2013

Fines and penal provisions on Chartered Accountants (‘CA’) under the

 Companies Act, 2013:

Section No.	Particulars of contravention of provisions	Fine amount on Professional	Imprisonment term
140(3)	For not filing Resignation with the Company and Registrar	Rs 50,000 to Rs 5,00,000	-
143(15)	For not reporting an offence involving fraud to Central Government	Rs 100,000 to Rs 25,00,000	-
147 (2)	i)If auditor contravenes any of the provisions of section 139, section 143, section 144 or section 145	Rs 25,000 to Rs 5,00,000	-
	ii) If auditor has contravened such provisions knowingly or willfully	Rs 1,00,000 to Rs 25,00,000	1 year
447	Punishment for fraud	3 times of amount of fraud	6 months to 10 years
448	Punishment for false statement	3 times of amount of fraud	6 months to 10 years