Companies Act, 1956
Sec 598 - Penalties.
If any foreign company fails to comply with any of the foregoing
provisions of this Part, the company, and every officer or agent of the company
who is in default, shall be punishable with fine which may extend to ten
thousand rupees, and in the case of a continuing offence, with an additional
fine which may extend to one thousand rupees for every day during which the
default continues.