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Non-Filing of Balance Sheet for 3 Consecutive Years: MCA imposes Penalty on Company and Directors

Update / Judgement Date

10 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceCorporate Law & Governance

The MCA imposed a penalty on a company and its directors for the non-filing of balance sheets for three consecutive years. Filing annual financial statements, including the balance sheet, is a mandatory requirement for all registered companies under the Companies Act. Failure to comply with this statutory obligation for an extended period attracts penalties and can lead to further regulatory action.

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Non-Filing of Balance Sheet for 3 Consecutive Years: MCA imposes Penalty on Company and Directors

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