Penalties under Companies Act, 2013. Penalty for non maintaining statutory records & Registers. A small compilation on penalties under New Companies Act, 2013 for non maintaining Minutes of Board Meetings, General Meetings and Statutory Register.
Penalty for non maintaing statutory records & registers
1. Statutory Registers/Record
/Record
Non Preparation of Minutes
Meetings/ General Meetings
Penalty under Companies Act 2013
of
Board Fine Rs. 25,000/- per meeting
Fine Rs 5,000/- on every officer in default.
years.
Tampering of Minutes of Board Meetings/ Imprisonment – 2 years
General Meetings
Fine minimum of Rs 25
25,000/- to maximum of
Rs 1,00,000/Non maintaining Register of Members
embers
Fine Minimum
Rs 3,00,000/-
Rs
50,000/50
maximum
nd
and
Rs 1,000/- per day during which defaults
continue.
Not maintaining Register Of Charges
00,000/- to maximum
Fine Minimum Rs 1,00
Rs 10,00,000/and
Every officer shall be punishable with
very
imprisonment of 6 months
and
Every officer shall be liable for a penalty of
very
minimum of Rs 25,000/ and Maximum Rs
/1,00,000/Not maintaining Register of Director and Key Fine minimum
Managerial Personnel and their s
shareholdings
Rs 5,00,000/Not maintaining
Arrangements
Rs 50
50,000/- maximum
Register of Contracts a
r
and Fine of Rs 25,000/-
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