What is ROC non-compliance penalties?
Nexa Consultancy | Startup & Finance Glossary
Failure to comply with the Companies Act, such as late filing of annual returns (AOC-4, MGT-7), not holding board meetings, or not maintaining statutory registers, leads to significant penalties. For late filing of annual returns, the penalty is ₹100 per day per form.
Startup Example: A private limited company fails to file its AOC-4 and MGT-7 for a year. It would face a penalty of ₹100 x 2 forms x 365 days = ₹73,000, plus penalties on the company and its directors.
We provide comprehensive ROC compliance services to avoid these steep costs.