# Contravention of Section 134 — Penalties
## Liability Matrix
If a company contravenes any provision of Section 134 (relating to authentication of FS, Board's Report, DRS, etc.):
| Person Liable | Punishment |
|---|---|
| Company | Fine: ₹3,00,000 |
| Every Officer of the Company in Default | Fine: ₹50,000 |
## Key Points
- Liability falls on BOTH the company AND every officer in default.
- The penalty applies for contravention of ANY provision of Section 134, including:
- Authentication / signing of FS
- Contents of Board's Report
- Directors' Responsibility Statement
- Signing of Board's Report
## Practical Implication
Directors must ensure due compliance with each clause of Section 134, as both monetary penalty and officer-level liability arise on default.