Skip to main content
ROC Pune Penalizes Delay in Filing PAS-3 for Allotment
Back to Court News
ROC Punecorporate

ROC Pune Penalizes Delay in Filing PAS-3 for Allotment

May 15, 2026

ROC Pune has imposed a penalty on a company and its directors for a 46-day delay in submitting Form PAS-3 related to allotment returns, reaffirming that timely compliance is crucial under the Companies Act.

ROC Pune Penalizes Delay in Filing PAS-3 for Allotment

The Registrar of Companies (ROC) Pune has penalized a company and its directors for submitting Form PAS-3, which pertains to return of allotment, 46 days late. The authority invoked Section 42(8) of the Companies Act, 2013, noting that such delays could incur significant penalties under Section 42(9).

This ruling underscores the critical importance of timely compliance with statutory filing requirements, as delays can impose financial burdens on corporate directors and their companies. It reflects the ROC's commitment to maintaining rigorous standards of corporate governance.

Practitioners should pay close attention to filing deadlines to avoid penalties and safeguard their clients from unnecessary legal repercussions.

Citations

  • ROC Pune Order (2026)
Practice Areas:corporate

Related Articles

View All →
NCLT Declares Liquidation Mandatory After SBI Rejects All Resolution PlansFeatured
National Company Law Tribunalcorporatebanking

NCLT Declares Liquidation Mandatory After SBI Rejects All Resolution Plans

Following a majority vote by SBI to reject all resolution plans, the NCLT has declared liquidation mandatory under Section 33(2) of the IBC and appointed a liquidator to oversee the process.

May 21, 2026Read more →
NCLAT Rules Foreign Oil Assets Kept Outside Videocon Industries’ CIRPFeatured
National Company Law Appellate Tribunalcorporatebanking

NCLAT Rules Foreign Oil Assets Kept Outside Videocon Industries’ CIRP

The NCLAT has ruled in favor of SBI, confirming that Videocon's foreign oil and gas assets are to remain outside the Corporate Insolvency Resolution Process (CIRP) of Videocon Industries Ltd. and its affiliates, relying on the commercial wisdom of the Committee of Creditors.

May 21, 2026Read more →
NCLT Orders Liquidation After CoC Rejects CIRP Extension and Resolution PlanFeatured
National Company Law Tribunalcorporatebanking

NCLT Orders Liquidation After CoC Rejects CIRP Extension and Resolution Plan

The NCLT has ordered the liquidation of a corporate debtor after the Committee of Creditors (CoC) rejected both the extension of the Corporate Insolvency Resolution Process (CIRP) and the proposed resolution plan. This decision emphasizes the need for timely action within insolvency proceedings.

May 21, 2026Read more →