The ROC Cuttack has imposed penalties due to a four-year delay in filing Form CSR-2 for FY 2020-21, totaling ₹2 lakh on the company and ₹50,000 each on two officers.
Pennalties Imposed for Delay in CSR-2 Filing
The Registrar of Companies (ROC) Cuttack has levied penalties totaling ₹2 lakh on a company along with ₹50,000 each on two officers for a delayed filing of Form CSR-2 related to the financial year 2020-21. This delay was noted under Rule 12(1B) of the Companies Act.
The imposition of these penalties emphasizes the importance placed on timely compliance with statutory obligations concerning corporate social responsibility disclosures.
Failure to comply with filing deadlines can attract severe financial penalties, highlighting the need for corporations to establish effective compliance mechanisms for statutory forms.
For legal practitioners, this case underscores the critical nature of adhering to filing deadlines and maintaining an active approach to compliance within their client organizations.
Citations
- ROC Cuttack (2026)