Section 453: Punishment for improper use of “Limited” or “Private Limited”
This section punishes people who improperly use "Limited" or "Private Limited" in their business name with a fine of at least 500 rupees but up to 2000 rupees for each day of improper use.
Penalty
If any person or persons trade or carry on business under any name or title, of which the word “Limited” or the words “Private Limited” or any contraction or imitation thereof is or are the last word or words, that person or each of those persons shall, unless duly incorporated with limited liability, or unless duly incorporated as a private company with limited liability, as the case may be, punishable with fine which shall not be less than five hundred rupees but may extend to two thousand rupees for every day for which that name or title has been used.
The section, clause by clause
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 4. Subs. by Act 29 of 2020, s. 63, for certain words (w.e.f. 21-12-2020).
- 1. Ins. by Act 29 of 2020, s. 64 (w.e.f. 22-1-2021).
- 2. Subs. by Act 22 of 2019, s. 42, for sub-section (3) (w.e.f. 2-11-2018).
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.