Repealed or not in force · As amended up to 2026-08
224. If any Company required by the last Section to register under this Penalty on CornAct makes default in complying vith the provisions thereof, pany not registering. then, from and after the day up011 whicli such Company is required to register under this Act, until the day on which such Colllpany is registered under this Act (which it is empowered to clo at any time), the following consequetlces shall ensue, (that is to say)-
(1.)[The ][Company shall be incapable of suing but shall not be incapable ] of being made a defendant to a suit :
(2.)[No dividend shall ][be ][payable to a.ny shareholder in such Cornpaily ][: ] (3.)[Each Director or Mana.ger of the Company shall, for ea,ch day during ] xvhich the Conipany so being in default carries on business, incur a penalty not esceeding one hundred rupees, and such penalty nlay be recovered by any person, whether ashareholder or not in the Company, and be applied by him to his own use.
Nevertl~eless, such default shall not render the Coml)any so being in default illegal, nor subject it to any penalty or disability other than as specified in this Section, and registration under this Act shall cancel any penalky or fori'eiture, and put an e l ~ d to any disability wllicl~ any Coinpnny may havc incnrreci by reason of 7LlT7,- its not l1:iving ~cgistercd ~11dr:~ t11e <:licl Act Xo. J \ of ~ `1856.` ~
`226.` All oEences uncler A-ct may bc, tried by any G)fi.ce~ exei:cish~g fcllcc~ CogniRnncc \!nd~r t,llis of Act. tl'c merit powers i ; ~ mllicll the ofTe~ldcr of n Jta.gistratc, uillcss is li.al~lc ttI1c shall exceed ~)eri.od of {;hat irrrprison.- \vl~ich . s ~ ~ l l O!T~CCS is co~nl~et,ellt to q~v&rcl ~miler Lhc `la\\:` for the tirnc being in fmec j.n t,]lrc place in \;hi& Ile is &nplojed. TT?hcu tllc pcriod of i&tprisoilulcni, pro- : pidcd this A,& ex&eods the poriod iha,t ru;r) IJC :l;Ga~:?i~d 1,) si~uli Q.lTil.;i:i, i.,Lc offf:.:lfie~: ~l~.;l.dl be comrnil,t,eci f o ~ trial LeIorc: ilic; Cj';ui~i:, ~ j f %~:jiai;..
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ACT No. X OF 1866.
226. If any offence mliich by this Act is declared to be punishable by any h,lishment of ofpenalty shall be committed by any person within the loca,l .corumittcd within knees u d e r thiR local Act, limits of the ordinary original Civil jurisdiction of the High limits of Court. Court, such offence shall be punishable upon summary conviction by any Magistrate of Police of the @ace at which such Court is held..
227. All penalties imposed 'under the authority of this Act may, in case Levy of penalties by of non-payment thereof, be levied by distress and sale of the distress. offender's moveable property by warrant under the hand of the Officer imposing the penalty. 228. I n case any such penalty shall not be forthwith paid; such Officer Procedure until re-[may order the offender to be arre'sted and kept in safe cus- ] turn is made to distody until the return can be conveniently made to such tress warrant. warrant of distress, unless the offender shall give security to the satisfaction of such Officer for his appeayance at such place and time as shall be appointed for tlie return of the warrant of distress.
229. If upon the return of the warrant it shall appear that no sufficient Imprisonment if no[distress can be had whereon to levy such penalty, and the ] suffiicent distress. same shall not be forthwith paid, or in case it shall appear to the satisfaction of such Officer, by the confession of the offender or otherwise, that he 11as not sufficient moveable property whereupon such penalty could be levied if a warrant of distress wereissued, any such Officer may, by warrant, under his hand, commit the-offender to prison, for any term not exceeding two months when the amount of penalty shall-not exceed fifty rupees, and for any term not exceeding f o u ~ months ~vlicn the amount shall not exceed one hundred rupees, and for any term not exceeding six months in any other case, the commitment to be determinable in each of the cases aforesaid on payment of the amount of penalty.
230. 111 Scctiotls 1 and 18 of Act No. XXl of 1860 goo?. the .i*egist~atioffi Constrnctionofc.Rc- oJ2;itel?uy, Scienti$c ccncl Cliuritable Societies), the words $ ~ ~ ~ ~ ~ s $ i l l ~ n s t " Registrar of Joint Stock Companies" shall be construed to TJO.XX'I of 1860. mean Registrar of JOI ,tt Stock Companies uncler this Act or any Act for the time being in force.
231. Save as providecl in Sectioll 126, aothimg in this ' Act not to apply to Banlib of Bc211gn!, Act shfill be declneci to appiy to till: 1;'iuk of J>e!l,o31, L ~ I C ?4adrLis or 1~onlbag. of 14adras aid the 13ank oi Bumbay.
of J>e!l,o31, L ~ I C ~ ) u T ) ~ c
ACT No. X `OF` 1866.
Source: India Code