Section XVI
Penalty on Company not keeping a proper Register .
The Joint-stock Companies Act, 1857
About this Act
An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.
If any Company
registered under this Act makes default in keeping a Register of shareholders, or in sending a
copy of such list and summary as aforesaid to the Registrar in compliance with the foregoing rules,
such Company shall incur a penalty not exceeding fifty Rupees for every day during which such
default continues.