ROC Patna imposed a ₹2.5 lakh penalty on a company and its director for failing to file the annual return for FY 2018-19, highlighting the enforcement of Section 92 compliance.
Penalty for Non-Filing of Annual Return
ROC Patna recently levied a penalty of ₹2.5 lakh against a company and its managing director for failing to file the annual return for the financial year 2018-19, emphasizing the robust enforcement of Section 92 of the Companies Act, 2013.
The authority's action reiterates the obligation of companies to maintain compliance and the responsibilities of directors in ensuring timely filings as a fundamental aspect of corporate governance.
For legal professionals, this case serves as a critical reminder of the procedural obligations under the Companies Act and the potential financial repercussions of non-compliance.
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