law: Companies Act, 2013 
  99.
  
    Punishment
  
  for default in complying with provisions of sections 96 to 98.
  If
  
  any default is made in holding a meeting of the company in accordance with
  
  section 96 or section 97 or section 98 or in complying with any directions of
  
  the Tribunal, the company and every officer of the company who is in default
  
  shall be punishable with fine which may extend to one lakh rupees and in the
  
  case of a continuing default, with a further fine which may extend to five
  
  thousand rupees for every day during which such default continues.