Penalties
This query is : Resolved
02 October 2014
What is the penalty to company according to.Company's Act 2013 if annual returns are not filled in time..???
Are there any seperate Penalty provisions for directors..???
02 October 2014
Refer Section 92(5) and 92(6) of Companies Act 2013.
Section 92(5) : If a company fails to file its annual return under sub-section (4), 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 fifty thousand rupees but which may extend to five lakhs rupees and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees, or with both.
92(6) : If a company secretary in practice certifies the annual return otherwise than in conformity with the requirements of this section or the rules made thereunder, he shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.
Section 92(5) : If a company fails to file its annual return under sub-section (4), 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 fifty thousand rupees but which may extend to five lakhs rupees and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees, or with both.
92(6) : If a company secretary in practice certifies the annual return otherwise than in conformity with the requirements of this section or the rules made thereunder, he shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.
02 October 2014
Also see article from below link:
https://www.caclubindia.com/articles/the-companies-act-2013-provisions-relating-to-annual-return-18455.asp#.VC1qSPmSzUs
https://www.caclubindia.com/articles/the-companies-act-2013-provisions-relating-to-annual-return-18455.asp#.VC1qSPmSzUs
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Renting of Villa
- DTAA India & UAE
- Tax payment deduction from house loan EMI
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- Error AIS modification submitted
- House keeping and security services ITC can claim
- ITR filing obligation due to savings deposit
- To Keep Records
- NRI as second account holder of resident account
- WHAT TO SELECT IN 27Q TDS RETURN ? PAYMENT TO NON-RESIDENT
- Capitalization of advance (Incl GST)
- TDS deduction.
- Leave taken during Extension period of Articleship
- Regarding TDS deduction before 15CA filing
- Reversal of Interest provision in case of MSME buyer
- GST LIABILITY on market yard
- ITC CLAIM ON CLEARING AND FORWARDING CHARGES IN CASE OF IMPORT
- How yto make journal entry of bank Gurantee
- Accounting treatment of Basic Custom Duty
- Regarding ITC Reversal
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
