The Registrar of Companies in Kolkata has imposed penalties on a company and its certifying director for incorrect MGT-7 filings, reinforcing compliance under Rule 8(3) and Section 450.
ROC Kolkata Penalties for Incorrect MGT-7 Filing
The Registrar of Companies (ROC) in Kolkata has imposed penalties of ₹10,000 each on a company and its certifying director for errors in filing the MGT-7, as per Rule 8(3) of the Companies (Management and Administration) Rules and Section 450 of the Companies Act.
This enforcement highlights the ROC's commitment to ensuring accurate compliance with reporting requirements. The penalties were deemed necessary due to consistent discrepancies found in the filings which undermine corporate governance standards.
“Accuracy in filings is essential for maintaining trust and transparency in corporate governance,” stated the ROC.
For legal advisers, this development serves as a reminder of the importance of meticulous compliance with filing requirements to mitigate risks of penalties. Companies need to prioritise accurate submissions of statutory documents to avoid regulatory repercussions.
Citations
- ROC Kolkata (2026) 1 ROC 234