ROC Pune has imposed a penalty of ₹1.34 lakh for a delayed filing of Form INC-20A, reaffirming the need for timely compliance with corporate filings.
Penalty for Delay in Filing INC-20A
ROC Pune has announced a penalty of ₹1.34 lakh for a company due to a 42-day delay in submitting Form INC-20A, in violation of Section 10A(1)(a) of the Companies Act, 2013. The ruling underscores the imperative of timely compliance with corporate filings.
This decision serves as a reminder for companies about the strict timelines that govern compliance under the Companies Act. Delays can attract significant penalties and undermine administrative processes.
Corporate lawyers should actively advise their clients regarding the submission timelines of filings to mitigate the risks associated with non-compliance.