Companies Act, 2006

160. Punishable with a fine of up to fifty thousand rupees or imprisonment for up to two years or both: The following persons committing the following acts shall be liable to a fine of twenty thousand to fifty thousand rupees or imprisonment for up to two years or both:-
(a) Any director or officer of a company, who, by willfully or maliciously and negligently including any false statement in any document of the company, causes loss or damage to the company or any person,
(b) Any director or officer of a company, who fails to keep accounts or records required to be kept under this Act, or Added by the first amendment.fails to keep proper accounts or records, or fails to cause them to be kept, or suppresses, conceals, or destroys them,
(c) An auditor of a company, who, in the course of performing his/her duties, with malicious negligence or willfulness, writes false statements in his/her report, or omits to make necessary observations during the audit,
(d) A liquidator, who, with malice, negligence, or willfulness, fails to call a meeting of creditors, or pays debts or liabilities contrary to the order of priority, or fails to keep accounts or records required under this Act, or fails to submit accounts or documents required to be submitted, or keeps false accounts, or fails to submit required reports, or fails to surrender cash, goods, or records after the termination of his/her office,
(e) A director, officer, or employee who fails to hand over documents, accounts, cash, or goods under their charge to the incoming person after the termination of their office or after receiving an order to wind up the company as per this Act, or the incoming person fails to take over the same,
(f) A director or officer who issues a prospectus before registration with the Office or provides false information in the prospectus,
(g) A director or officer who acts beyond the authority of the board of directors or outside the scope of the company's business, or orders to do so,
(h) A shareholder who fails to provide details required under this Act or provides false details,
(i) A director, officer, or employee who misappropriates or embezzles company cash or goods, or uses company cash or goods for personal work without the approval of the board of directors or general meeting, or fails to settle advances as per company rules, or fails to comply with orders given by the Office, or fails to submit company documents,
(j) A director or officer who has a duty to provide details or information to the company, Office, court, or other body under this Act, but fails to provide such details or information,
(k) An auditor who audits a company knowing that he/she is disqualified to audit such company,
(l) A director or officer who exercises powers not vested in him/her or acts outside the scope of his/her authority,
(m) A director or officer who maintains accounts contrary to this Act,
(n) A director or officer who fails to provide condensed financial statements, annual financial statements, or reports required to be made available to shareholders under this Act,
(o) A director, principal shareholder, or the company that takes or gives any loan facility or remuneration from the company in contravention of the provisions of this Act,
(p) A company, director, officer, employee, or any other person who, when seeking court approval to reduce share capital, falsifies or conceals the name of a creditor or provides false information about the company's loans,
(q) A private company, its directors and shareholders who sell shares or debentures contrary to this Act,
(r) A foreign company, its directors, employees, or representatives who carry on business or operations within the State of Nepal contrary to this Act,
(s) A debenture trustee, or a director or officer of such trustee, who acts against the interests of debenture holders,
(t) A person who acts contrary to sub-section (7) of section 46,
(u) A director or officer who fails to perform an act required under Section 60,
(v) A person who uses the word "Company" and carries on business without registering the company under this Act,
(w) A company, director, or officer who fails to provide information or notice as required under Section 141 or Section 175,
(x) A shareholder of a company who fails to provide information requested under Section 47, or a company, director, or officer who fails to submit information received from a shareholder under that section to the Office,
(y) A director or officer who acts contrary to Section 105,
(z) A managing director, director, or officer of a company who, despite repeated written orders from the Office or, if not possible, notice through communication media, fails to provide the address of its registered office to the Office,
(aa) A company, director, principal shareholder, or officer who acts contrary to Section 50,
Added by the first amendment.(ab) A company or officer who knowingly acts contrary to the approved objects of the company,
Added by the first amendment.(ac) An inspector deployed pursuant to Section 121, who submits a false report.