Section 12(3) of the Companies Act mandates companies to disclose their Corporate Identification Number (CIN) and other details on their letterheads. Non-compliance can lead to statutory penalties.
Mandatory Disclosures on Company Letterheads
Section 12(3) of the Companies Act, 2013 imposes a requirement for companies to include specific information on their letterheads, including the Corporate Identification Number (CIN) and other prescribed particulars. Non-compliance with these requirements can result in statutory penalties imposed by the authorities.
This provision is crucial as it not only promotes transparency but also facilitates identification of the company by external parties. Companies must ensure that their letterheads are compliant with these statutory requirements to avoid penalties.
Legal practitioners must advise businesses on the importance of maintaining correct and compliant letterhead disclosures, as failure to do so may lead to regulatory actions.
Citations
- Companies Act (2013) Section 12(3)
