Certifying Director Liable for Incorrect MGT-7 Filing

ROC Kolkata on MGT-7 Filing Penalty

The Registrar of Companies (ROC) Kolkata has penalized both a company and its certifying director, imposing a fine of ₹10,000 each for incorrect filing of MGT-7 under Rule 8(3) in conjunction with Section 450 of the Companies Act.

This decision highlights the critical importance of compliance with filing requirements mandated by the Companies Act, as errors in documentation can lead to financial penalties for both the organization and individual directors.

Directors and compliance officers must be vigilant in ensuring accurate and timely filings, as regulatory compliance remains a fundamental aspect of corporate governance and accountability.