24 August 2014
Is MGT-14 required to be filed for the resolution which is passed in a BM before sending the accounts to the auditor for the auditors opinion?
24 August 2014
Board resolution passed to adopt the Annual Accounts is required to be reported to ROC through filing of form MGT.14 within 30 days of passing board resolution.
Do not forget to attach board resolution with form MGT.14.
24 August 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:
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