Penalties were imposed under Section 450, with ₹1,00,000 levied on the company and ₹25,000 on the designated officer in default, while no penalty was imposed on other directors. Accordingly, the company and the officers in default have prayed for benefit of Section 446B of the Act. The details of penalty imposed on the company, officers in default and others are shown in the table below:(A) Name of person on whom penalty imposed (B) Rectification of Default required (C) Penalty Amount (D) Additional Penalty (E) (*Per day of continuing default i.e. It is also directed that the penalty so imposed upon the officers in default shall be paid from their personal sources/income. For penal consequences of non-payment of penalty within the prescribed time limit, please refer Section 454(8) of the Companies Act, 2013.