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Non-Fling of PAS-3: MCA imposes Rs. 4 lakhs 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 of ₹4 lakhs on a company and its directors for the non-filing of Form PAS-3. Form PAS-3 is related to the allotment of shares. The non-filing of this form indicates a failure to comply with the regulatory requirements concerning the reporting of share issuance to the Registrar of Companies. The significant penalty underscores the importance of adhering to the prescribed procedures for capital structure changes.