Informative

Delay Of 100 Days In Filing e-Form INC-20A: Registrar Of Companies Imposes Penalty Of Rs. 3.5 Lakhs On 5B Industries India & Its Directors

Update / Judgement Date

11 Jul 2024

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceCorporate Law & GovernanceInsolvency & Bankruptcy Code

The article discusses a penalty of Rs. 35 lakhs imposed by the Registrar of Companies on 5B Industries India and its directors for a 100-day delay in filing E-Form INC-20A. This form verifies the commencement of business under the Companies Act, 2013, mandating submission within 180 days from incorporation. The penalty reflects regulatory rigor in enforcing corporate compliance and underscores the significance of timely filings to avoid financial penalties under corporate law.

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