MCA Penalizes Company and Directors for Violation of Section 12 of Company's Act

The MCA (Ministry of Corporate Affairs) has penalized a company and its directors for "violation of Section 12 of the Companies Act." Section 12 mandates that every company must have and maintain a registered office capable of receiving and acknowledging all official communications. The penalty highlights the MCA's strict stance on corporate compliance. Failure to adhere to this fundamental statutory requirement, which ensures proper communication between the company and regulatory bodies, can lead to significant fines and penalties for both the company and its responsible directors.