Section 405 — Power of Central Government to direct companies to furnish information or statistics
(1)
The Central Government may, by order, require companies generally, or any class of companies, or any
company, to furnish such information or statistics with regar d to their or its constitution or working, and
within such time, as may be specified in the order.
(2) Every order under sub-section (1) shall be published in the Official Gazette and may be addressed
to companies generally or to any class of companies, in such manner, as the Central Government may think
fit and the date of such publication shall be deemed to be the date on which requirement for information or
statistics is made on such companies or class of companies, as the case may be.
1. Subs. by Act 1 of 2018, s. 80, for the first proviso (w.e.f. 7-5-2018).
2. Subs. by, s. 80, ibid, for second and third proviso (w.e.f. 1-7-2022).
3. Subs. by Act 29 of 2020, s. 56, for the third proviso (w.e.f. 1-7-2022).
4. Subs. by Act 1 of 2018, s. 80, for sub-section (2) (w.e.f. 7-5-2018).
(3) For the purpos e of satisfying itself that any information or statistics furnished by a company or
companies in pursuance of any order under sub-section (1) is correct and complete, the Central Government
may by order require such company or companies to produce such rec ords or documents in its possession
or allow inspection thereof by such officer or furnish such further information as that Government may
consider necessary.
1[(4) If any company fails to comply with an order made under sub -section (1) or sub-section (3), or
furnishes any information or statistics which is incorrect or incomplete in any material respect, the company
and every officer of the company who is in default, shall be liable to a penalty of twenty thousand rupees
and in case of continuing failure, with a further penalty of one thousand rupees for each day after the first
during which such failure continues, subject to a maximum of three lakh rupees.]
(5) Where a foreign company carries on business in India, all references to a company in this sectio n
shall be deemed to include references to the foreign company in relation, and only in relation, to such
business.