The Registrar of Companies (ROC) Kolkata has imposed penalties for incorrect MGT-7 filings on a company and its certifying director, totaling ₹10,000.
Penalties for Incorrect MGT-7 Filings by ROC Kolkata
The Registrar of Companies (ROC) Kolkata has penalized a company and its certifying director for incorrectly filing the MGT-7 form under Rule 8(3) read with Section 450 of the Companies Act. Each was imposed a penalty of ₹10,000.
This action reflects the ROC's stringent enforcement of compliance requirements set forth in the Companies Act, ensuring accuracy in filings related to the annual return of shareholders.
Incorrect filings can lead to significant ramifications, including penalties and reputational harm, reinforcing the necessity for corporate compliance and diligent documentation practices.
For practitioners, these penalties underscore the critical importance of reviewing filings thoroughly before submission to avoid financial penalties and enhance the integrity of corporate governance practices.
Citations
- ROC Kolkata (2026)