Section 10, National Company (Acquisition and Transfer of Undertakings) Act, 1980 [S1R-N10]

As at 6 September 2026. In force from 25 July 1981 by S.O. 3864(E) [N12-12B].

In National Company (Acquisition and Transfer of Undertakings) Act, 1980 [A10-THQ]. This text from 6 May 1996, by Act 80 of 1996 [A11-439]. Other texts (1): from 25 July 1981 to 5 May 1996.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 10, National Company (Acquisition and Transfer of Undertakings) Act, 1980 [S1R-N10]. Machine: S1R-N10.

10. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to one lakh rupees, and in the case of a continuing contravention, with an additional fine which may extend to one lakh rupees for every day during which the contravention continues after conviction for the first such contravention. (2) Whoever contravenes any other provision of this Act or the rules made thereunder, for which no penalty is elsewhere provided, shall be punishable with fine which may extend to one thousand rupees.

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Made under this section, or naming it (0)

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Cited by (1)

Section 2, National Company (Acquisition and Transfer of Undertakings) Act (Amendment) Act, 1996 [S1Y-XT3], 6 May 1996, Band A. "section 10 of the National Company (Acquisition and Transfer of Undertakings) Act, 1980 (42 of 1980)".

Not held (0)

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