MCA Imposes ₹2 Lakh Penalty on Company’s Auditor for Non-Filing of ADT-3

The MCA imposed a penalty on a company's auditor for non-filing of ADT-1. This action highlights the importance of timely compliance with regulatory requirements by auditors. The auditor'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 auditors to ensure timely compliance with regulatory requirements.