Penalties For Failure To Hold Statutory Meetings

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General practice questions regarding the legal consequences and specific sections mentioned in the transcript relating to statutory meetings and reports.

Last updated 10:18 AM on 7/1/26
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4 Terms

1
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Which section 'of comma' establishes the penalty for failure to hold statutory maintenance or deliver statutory reports?

Section 236

2
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According to Section 236 'of comma', what is the consequence for a company and any officer in default for failing to hold statutory remittance or deliver statutory reports?

They shall be guilty of an offense and liable to a fine.

3
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Besides being liable to a fine, what other legal consequence can result from the failure to hold a statutory meeting or deliver a statutory report?

The winding up of a company by the court.

4
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Which specific section 'of comma' addresses the winding up of a company by the court due to failure to hold statutory meetings or deliver reports?

Section 571 b