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Notified Date of Section: 09/02/2018 

1[446B. Notwithstanding anything contained in this Act, if a One Person Company or a small company fails to comply with the provisions of sub-section (5) of section 92, sub-section (2) of section 117 or sub-section (3) of section 137, such company and officer in default of such company shall be 2[liable to a penalty which shall not be more than one half of the penalty specified in such sections]

Amendments 

1. Inserted by The Companies (Amendment) Act 2017

2.Substituted by the Companies (Amendment) Ordinance,2018 dated 02.11.2018

In section 446B,for the portion beginning with “punishable with fine” and ending with “specified in such sections”, the words “liable to a penalty which shall not be more than one half of the penalty specified in such sections” shall be substituted..