Notices u/s 92,96,132 of companies act 2013

Off  late ROC has issued notices  to companies for default under section 137/92/96 of the Companies Act,2013.

Following are the provision of section 96/92/137 of the Companies Act,2013.

1)   As per the Section 96 of the Companies Act,2013 every Company shall hold in each year Annual General Meeting on or before 30th September every year.

 

If Company is fail to comply with the provision of Section 96 then the company and every officer of the company who is in default shall be punishable with fine which may extend to one lakh rupees and in the case of a continuing default, with a further fine which may extend to five thousand rupees for every day during which such default continues.

 

2)   As per the Section 92 of the Companies Act,2013 Every company shall prepare an Annual Return and file with the Registrar a copy of the annual return, within sixty days from the date on which the annual general meeting was held.

 

If Company is fail to comply with the provision of Section 92 then the company shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakhs rupees and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees, or with both.

 

3)   As per the Section 137 of the Companies Act,2013 Every company shall filed Copy of financial statement with Registrar a within thirty days from the date on which the annual general meeting was held.

If Company is fail to comply with the provision of Section 137 the company shall be punishable with fine of one thousand rupees for every day during which the failure continues but which shall not be more than ten lakh rupees, and the managing director and the Chief Financial Officer of the company, if any, and, in the absence of the managing director and the Chief Financial Officer, any other director who is charged by the Board with the responsibility of complying with the provisions of this section, and, in the absence of any such director, all the directors of the company, shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees, or with both.

 

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