ROC Patna imposed a penalty of ₹63,500 on a company and its Managing Director for failing to file the annual return for FY 2023-24, noting strict compliance requirements under the Companies Act.
Penalty Imposed for Non-Filing of Annual Return
ROC Patna has imposed a penalty of ₹63,500 on a company and its Managing Director for non-filing of the annual return for the financial year 2023-24, reflecting the stringent enforcement of compliance under the Companies Act, 2013.
This action reiterates the importance of timely filings and the accountability of directors in ensuring adherence to corporate governance standards.
Legal practitioners should advise their clients on the need for strict compliance and timely submissions to prevent financial repercussions associated with non-compliance.
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Practice Areas:corporate
