One Company filed Annual Return & Balance Sheet without Knowledge of and without signatures of CS of the Company, what may be consequences?
2 Replies
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 31 October 2013
If the company has company secretary ten it is required to sign Annual Return by one director and secretary as per section 161 of the Companies Act, 1956.
If you are not complying the provision of section 159, 160 and section 160 then you will face penality under section 162 of the companies Act, 1956.
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 31 October 2013
Penalty and interpretation: (Section 162)
(1) If a company fails to comply with any of the provisions contained in section 159, 160 or 161, the company, and every officer of the company who is in default, shall be punishable with fine which may extend to fifty rupees for every day during which the default continues.
(2) For the purposes of this section and sections 159, 160, and 161, the expressions" officer" and" director" shall include any person in accordance with whose directions or instructions the Board of directors of the Company is accustomed to act. General provisions regarding registers and returns
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