Penalty for non maintaing statutory records & registers

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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.

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Penalty for non maintaing statutory records & registers

  1. 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/- Corporate Office: • Biz Idea Protection • Biz Registration • Biz Management C/o IMET Global, First Floor, 268, Business India Complex, Uday Park, Call us : +91 9718483209, 9555250231 Mail: info@makbizadvisors.com www.makbizadvisors.com

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