159. Punishment for contravention
If any individual or director of a company, contravenes any of the provisions of
section 152, section 155 and section 156, such individual or director of the company shall be
punishable with imprisonment for a term which may extend to six months or with fine which
may extend to fifty thousand rupees and where the contravention is a continuing one, with
a further fine which may extend to five hundred rupees for every day after the first during
which the contravention continues.