The following persons who commit the following acts will be punished with a fine up to twenty thousand to fifty thousand rupees or imprisonment up to two years or both :-
(a) If any director or officer of the company has made any false statement in any document of the company with malice or malicious negligence and has caused loss to the company or any person, to such director or officer,
(b) If any director or officer of the company fails to keep the books of account or account, records required to be kept in accordance with this Act, or fails to keep correct accounts, records, or fails to keep them, or suppresses or conceals them, or causes damage to such person,
(c) If the auditor of the company, in the performance of his duties, writes maliciously negligently or maliciously falsely in his report or omits to make any necessary observations during the audit, to such auditor,
(d) If the liquidator maliciously, negligently or maliciously fails to convene a meeting of creditors or pays debts or liabilities contrary to the order of priority or fails to keep the books and accounts required to be kept in accordance with this Act or fails to understand the accounting documents required to be understood or keeps false accounts or fails to give the report required to be given or after breaking his office To such liquidator in case of non-payment of cash, jinx or shresta due,
(e) To the directors, officers and employees who do not explain to the person in accordance with this Act or who do not understand the documents, accounts, cash, property in their charge or after receiving the order to liquidate the company,
(f) To the director or officer who issues the prospectus of the company before registration in the office or gives false information in the prospectus,
(g) To the director or officer who does or orders to do the same without violating the jurisdiction of the board of directors or if he does work outside the scope of the company,
(h) To the shareholder who does not give the details as per this Act or gives false details
(i) Embezzlement or misappropriation of cash or property of the company or cash or property of the company without the approval of the board of directors or the general meeting.To the directors, officers and employees who use it for private work or who do not make submissions according to the rules of the company or who do not follow the orders given by the office and do not file the details of the company,
(j) If the director or officer who has the duty to provide details or information to the company, office, court or other body according to this Act does not provide such details or information to such director or officer,
(k) To an auditor who audits a company concerned even after knowing that he is unfit to audit a company,
(l) To the directors or officials who use the rights that they have not received or act outside of the received authority,
(D) Directors and officials who keep accounts contrary to this Act,
(l) Directors and officials who do not provide the brief financial statement, annual financial statement or report to be provided to the shareholders in accordance with this Act,
(n) Taking or giving any loan facility or remuneration from the company to the directors, basic shareholders and the company contrary to the provisions of this Act,
(p) The company, director, officer, employee or any other person who falsifies, hides the name of the creditor or gives false information about the debt taken by the company while seeking the approval of the court to reduce the share capital of the company,
(h) to private companies selling shares or debentures contrary to this Act, to the directors and shareholders of such companies,
(D) To foreign companies, directors, employees or representatives of such companies doing business or dealing within the State of Nepal contrary to this Act,
(d) the debenture trustee acting against the interests of the debenture holders, the director or officer of such trustee,
(n) a person who contravenes sub-section (7) of section 46,
(p) To the director or officer who does not act as per section 60,
(f) To a person who transacts business using the word company without registering the company in accordance with this Act,
(b) To the company, director or officer who does not provide the information or notification as per section 141 or section 175,
(b) Failure to provide information requested under section 47The shareholders of the company or the company, directors and officers who do not submit the information received from the shareholders to the office in accordance with that section,
(m) Directors and officers acting contrary to section 105,
(y) To the managing director, director or officer of the company who does not provide the address of his registered office to the office even when the office gives written orders from time to time or if it is not possible to give notice through the media,
(r) To the company, directors, basic shareholders and officers acting contrary to section 50,
(l) To the company or officer knowingly acting contrary to the approved purpose of the company,
(f) If an inspector appointed under section 121 submits a false report to such inspector.