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Informative

MCA imposes Rs. 8 lakh penalty on Company & Directors for Delay in Filing e-Form BEN-2

Update / Judgement Date

04 Feb 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & Governance

The Ministry of Corporate Affairs (MCA) imposed a penalty on a company and its directors for delays in filing the E-Form BEN, which deals with the beneficial ownership of the company. This fine highlights the importance of compliance with corporate governance regulations and the strict consequences of failing to meet the deadlines for submitting required forms. The penalty serves as a deterrent against non-compliance in the filing of forms essential for transparency in ownership structures.