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SOLR_PROP

Companies Act, 1990

Offences.

262.Where a company contravenes—

(a) any of the provisions of this Part, or

(b) any regulations made in relation thereto (whether under this Part or under any other enactment), or

(c) any condition in relation to its authorisation or business imposed by the Bank under section 257 ,

the company and every officer thereof who is in default shall be guilty of an offence.