law: Companies Act, 2013 
  453.
  
    Punishment
  
  for improper use of “Limited” or “Private Limited”. 
  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.