ROC Kolkata has imposed a ₹20,000 penalty on directors for inaccuracies regarding the AGM date in the AOC-4 submission, reinforcing the need for precise information in corporate filings.
Directors Penalised for Inaccurate AGM Date
The Registrar of Companies (ROC) Kolkata has levied a penalty of ₹20,000 on directors for providing incorrect AGM dates in their AOC-4 filings. The ROC clarified that marking the AOC-4 as defective does not eliminate the responsibility under Rule 8(3).
This ruling is critical as it highlights the strict adherence to corporate governance and filing regulations as prescribed in the Companies Act. As corporate compliance becomes increasingly stringent, directors must ensure that all submissions are factual and precise.
Legal advisors should guide their clients in maintaining accurate records and understanding the ramifications of non-compliance, which can include financial penalties and reputational damage.
