MCA Imposes Penalty on Company and its Directors for Non-Appointment of Company Secretary under Section 203 of Companies Act

The MCA (Ministry of Corporate Affairs) has imposed a penalty on a company and its directors for "non-appointment of a Company Secretary under Section 203 of the Companies Act." The Registrar of Companies (RoC) found that Garudadri Infra Private Limited, with a paid-up share capital exceeding the prescribed threshold, failed to appoint a whole-time Company Secretary as mandated by law. This action highlights the MCA's stringent enforcement of compliance requirements for key managerial personnel, ensuring that companies adhere to corporate governance norms and face consequences for statutory defaults.