MCA Imposes ₹11.1 Lakh Penalty on Company for Non-Filing of MGT-14 for Multiple FY

The MCA imposed a penalty on a company for non-filing of MGT-7 for multiple financial years. This action highlights the importance of timely compliance with regulatory requirements. The company's failure to file the required form led to penalties, emphasizing the need for adherence to statutory deadlines. The MCA's decision underscores the importance of maintaining proper records and complying with corporate governance norms. This case serves as a reminder for businesses to ensure timely compliance with regulatory requirements.