ROC has ordered penalties against a company and its managing director for ongoing non-filing of the mandatory annual return, reflecting strict adherence to Section 92(4) of the Companies Act.
Non-Filing of Annual Return Leads to Penalty
The Registrar of Companies has imposed penalties for continued non-filing of the obligatory annual return under Section 92(4) of the Companies Act. Both the company and its managing director are held liable, underlining the severe consequences of non-compliance.
The order serves as a warning to companies about the importance of fulfilling their statutory reporting obligations to avoid escalating penalties.
Legal practitioners advising corporate clients should stress the significance of timely filings to mitigate risks associated with regulatory non-compliance.
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