Filing mgt 14 is compulsory for company under companies act?

Save Share

This query is : Resolved

STUDENT (Querist)

01 October 2014 filing MGT 14 is compulsory for company under Companies Act, 2013 for Approving Financial Statements & Director’s Report ???

Ankur Garg

Ankur Garg (Expert)

02 October 2014 Law related to filing of form MGT.14 under Companies Act, 2013 (22 July)

Filing of form MGT.14 is mandated by section 117 of the Companies Act, 2013. Section 117(2), prescribe the penalty for non-filing of form MGT.14.

As per Section 117(2), if a company fails to file the resolution or the agreement under sub-section (1) before the expiry of the period specified under section 403 with additional fee, the company shall be punishable with fine which shall not be less than five lakh rupees but which may extend to twenty-five lakh rupees and every officer of the company who is in default, including liquidator of the company, if any, shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.

For more clarity about form MGT.14 read my article available at the link mentioned below:

https://www.caclubindia.com/articles/list-of-resolutions-to-be-filed-with-roc-in-form-mgt-14-20664.asp#.U8O57KM27cs

Thanks

Message likes : 1 times

Ankur Garg

Ankur Garg (Expert)

02 October 2014 Yes it is compulsory for every company to file form MGT.14 with resolution passed for approving financial statement.

Thanks

Message likes : 1 times

STUDENT

STUDENT (Querist)

02 October 2014 Thanks sir.

Ankur Garg

Ankur Garg (Expert)

03 October 2014 You are always welcome and keep sharing your doubts through the platform of Caclubindia.

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now