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Informative

MCA Imposes Penalty on Company and Directors for Non-Compliance with S.118(10) of Companies Act

Update / Judgement Date

10 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceCorporate Law & Governance

The MCA (Ministry of Corporate Affairs) imposed a penalty on a company and its directors for non-compliance with Section 92 of the Companies Act. Section 92 relates to the filing of the annual return by a company with the Registrar of Companies. The penalty indicates a failure on the part of the company and its management to adhere to this mandatory statutory filing requirement, which provides crucial information about the company's operations and financial status.