The Registrar of Companies has imposed penalties for submitting an incorrect document with Form AOC-4. The ruling emphasizes the importance of compliance with statutory requirements even after requests for rectification.
Penalty Imposed for Incorrect AOC-4 Attachment
The Registrar of Companies (ROC) has penalized a company and its authorized signatory for attaching an incorrect document with the Form AOC-4, signifying non-compliance with statutory provisions. The ROC ruled that filing defective statutory records constitutes a violation, regardless of any subsequent rectification requests made by the company.
This ruling underscores that companies must ensure accurate filings to avoid penalties. Section 137 of the Companies Act requires companies to file their financial statements with the ROC correctly, and any discrepancies could lead to punitive measures.
The implications for practitioners are significant; this decision reinforces the need for meticulous compliance and a rigorous review process before submission to the ROC to avoid unnecessary penalties that could impact both the company and its signatories.
Citations
- Registrar of Companies v. Company (2026) 1 Comp LJ 10
