{"id":21179,"date":"2022-01-15T20:58:37","date_gmt":"2022-01-15T15:28:37","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=21179"},"modified":"2022-09-26T22:53:19","modified_gmt":"2022-09-26T17:23:19","slug":"provisions-of-non-compliance-of-company-act","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/","title":{"rendered":"Provisions of Non-Compliance of Company Act 2013"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d02428f41d2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d02428f41d2\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#PROVISIONS_OF_NON-COMPLIANCE_OF_COMPANIES_ACT_2013\" title=\"PROVISIONS\u00a0 OF NON-COMPLIANCE OF COMPANIES ACT 2013\">PROVISIONS\u00a0 OF NON-COMPLIANCE OF COMPANIES ACT 2013<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Non-Compoundable_Offences\" title=\"Non-Compoundable Offences\">Non-Compoundable Offences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Companies_Act_2013_lays_down_punishment_for_fraud_under_Section_447\" title=\"Companies Act, 2013 lays down punishment for fraud under Section 447.\">Companies Act, 2013 lays down punishment for fraud under Section 447.<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Default_in_complying_with_the_directions_issued_relating_to_rectification_of_name_of_the_company\" title=\"Default in complying with the directions issued relating to rectification of name of the company\">Default in complying with the directions issued relating to rectification of name of the company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Default_in_the_issue_of_a_prospectus\" title=\"Default in the issue of a prospectus\">Default in the issue of a prospectus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Committing_default_in_regarding_the_variation_of_shareholders_rights\" title=\"Committing default in regarding the variation of shareholders&#8217; rights \">Committing default in regarding the variation of shareholders&#8217; rights <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Failure_to_cmpoly_relating_to_transfer_and_transmission_of_securities\" title=\"Failure to cmpoly relating to transfer and transmission of securities\">Failure to cmpoly relating to transfer and transmission of securities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Default_with_the_order_of_Tribunal_relating_to_rectification_of_register_of_members\" title=\"Default with the order of Tribunal relating to rectification of register of members \">Default with the order of Tribunal relating to rectification of register of members <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Failure_to_publish_the_order_of_tribunal_relating_to_the_confirmation_of_the_reduction_of_share_capital\" title=\"Failure to publish the order of tribunal relating to the confirmation of the reduction of share capital \">Failure to publish the order of tribunal relating to the confirmation of the reduction of share capital <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Default_in_relating_to_purchase_by_company_or_loans_by_company_for_the_purchase_of_its_shares\" title=\"Default in relating to purchase by company or loans by company for the purchase of its shares \">Default in relating to purchase by company or loans by company for the purchase of its shares <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/provisions-of-non-compliance-of-company-act\/#Default_with_the_order_of_Tribunal_relating_to_the_redemption_of_debentures\" title=\"Default with the order of Tribunal relating to the redemption of debentures\">Default with the order of Tribunal relating to the redemption of debentures<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"PROVISIONS_OF_NON-COMPLIANCE_OF_COMPANIES_ACT_2013\"><\/span><span style=\"color: #000080;\"><strong><em><u><span style=\"color: #ff0000;\">PROVISIONS\u00a0 OF NON-<a style=\"color: #ff0000;\" href=\"https:\/\/www.caindelhiindia.com\/blog\/2551\/\">COMPLIANCE<\/a> OF <\/span><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/services-company-registration.php\"><span style=\"color: #ff0000;\">COMPANIES ACT 2013<\/span><\/a><\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Non-compliance with the order of the central Government\/NCLT\/RD\/ROC.<\/li>\n<li>In case of Default of maintenance of certain records in the registered office of the company<\/li>\n<li>corporate governance norms Defaults<\/li>\n<li>Defaults involving substantial violations which may affect the going concern nature of the company.<\/li>\n<li>when there are Defaults involving contrary to the larger public interest<\/li>\n<li>involve serious implications about the stakeholder&#8217;s<\/li>\n<li>liquidation proceedings of the company Defaults.<\/li>\n<li>Defaults not specifically punishable under any provision.<\/li>\n<li>Non-disclosure of interest of persons to the company, which vitiates the records of the company<\/li>\n<\/ul>\n<p><a href=\"https:\/\/carajput.com\/publications\/all-about-on-revised-schedule-iii-to-the-companies-act-2013.pdf\"><strong>Revised-schedule III to the companies Act 2013<\/strong><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Non-Compoundable_Offences\"><\/span><span style=\"color: #ff0000;\"><strong><em>Non-Compoundable Offences<\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/04\/1download-31.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11375\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/04\/1download-31.jpg\" alt=\"www.carajput.com; Compoundable and Non Compoundable Offence in India\" width=\"866\" height=\"409\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/04\/1download-31.jpg 326w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/04\/1download-31-300x142.jpg 300w\" sizes=\"(max-width: 866px) 100vw, 866px\" \/><\/a><\/h4>\n<h3><span class=\"ez-toc-section\" id=\"Companies_Act_2013_lays_down_punishment_for_fraud_under_Section_447\"><\/span><span style=\"color: #ff0000;\">Companies Act, 2013 lays down punishment for fraud under Section 447.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Default_in_complying_with_the_directions_issued_relating_to_rectification_of_name_of_the_company\"><\/span><span style=\"color: #000080;\"><strong><em><u>Default in complying with the directions issued relating to rectification of name of the company<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Fine up to Rs.1,000 for each day &#8211; <strong><em><u>for <a href=\"https:\/\/carajput.com\/services-company-registration.php\">company<\/a><\/u><\/em><\/strong>.<\/li>\n<li>5,000 to Rs.1 lakh <strong><em><u>&#8211; for officer<\/u><\/em><\/strong><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Default_in_the_issue_of_a_prospectus\"><\/span><span style=\"color: #000080;\"><strong><em><u>Default in the issue of a prospectus<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>50,000 to Rs.3 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to three years or with fine 50,000 rupees to 3 lakh rupees, or with both <strong><em><u>&#8211; every person who is knowingly a party to the issue of such prospectus<\/u><\/em><\/strong><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Committing_default_in_regarding_the_variation_of_shareholders_rights\"><\/span><strong><em><u><span style=\"color: #000080;\">Committing default in regarding the variation of shareholders&#8217; rights<\/span> <\/u><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Imprisonment up to six months or fine Rs.25,000 to Rs.5 lakh or with both &#8211; <strong><em><u>officer of the company in default<\/u><\/em><\/strong><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Failure_to_cmpoly_relating_to_transfer_and_transmission_of_securities\"><\/span><strong><em><u><span style=\"color: #000080;\">Failure to cmp<\/span><\/u><\/em><\/strong><strong><em><u><span style=\"color: #000080;\">o<\/span><\/u><\/em><\/strong><strong><em><u><span style=\"color: #000080;\">ly relating to transfer and transmission of securities<\/span><\/u><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Fine Rs.25,000 to Rs.5 lakh &#8211; <strong><em><u>on <a href=\"https:\/\/www.caindelhiindia.com\/blog\/why-needed-to-register-a-private-limited-company\/\">company<\/a><\/u><\/em><\/strong><\/li>\n<li>imprisonment up to six months or with a fine of 10,000 rupees to 1 lakh rupees. &#8211; <strong><em><u>every officer who is in default <\/u><\/em><\/strong><\/li>\n<\/ul>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Default_with_the_order_of_Tribunal_relating_to_rectification_of_register_of_members\"><\/span><strong><em><u><span style=\"color: #000080;\">Default with the order of Tribunal relating to rectification of register of members<\/span> <\/u><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Fine Rs.1 lakh to Rs.5 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to one year or with fine 1 lakh rupees to 3 lakh rupees, or with both &#8211; <strong><em><u>every officer of the company<\/u><\/em><\/strong><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Failure_to_publish_the_order_of_tribunal_relating_to_the_confirmation_of_the_reduction_of_share_capital\"><\/span><strong><em><u><span style=\"color: #000080;\">Failure to publish the order of tribunal relating to the confirmation of the reduction of share capital<\/span> <\/u><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Fine Rs.5 lakh to Rs.25 lakh &#8211; <strong><em><u>on the company.<\/u><\/em><\/strong><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Default_in_relating_to_purchase_by_company_or_loans_by_company_for_the_purchase_of_its_shares\"><\/span><strong><em><u><span style=\"color: #000080;\">Default in relating to purchase by company or loans by company for the purchase of its shares<\/span> <\/u><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Fine Rs. 1 lakh to Rs.25 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to three years and with a fine of 1 lakh rupees to 25 lakh rupees &#8211; <strong><em><u>every officer of the company<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Default in complying with any regulation made by the Securities and Exchange Board of India relating to buying back of securities<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.1 lakh to Rs.3 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to three years or with fine 1 lakh rupees to 3 lakh rupees, or with both <strong><em><u>&#8211; every officer of the company<\/u><\/em><\/strong><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Default_with_the_order_of_Tribunal_relating_to_the_redemption_of_debentures\"><\/span><span style=\"color: #000080;\"><strong><em><u>Default with the order of Tribunal relating to the redemption of debentures<\/u><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Imprisonment up to three years or fine Rs.2 lakh to Rs.5 lakh or with both &#8211; <strong><em><u>for officer <\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default in the provision relating to Registration of Charges<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>Fine Rs.1 lakh to Rs.10 lakh &#8211; <strong><em><u>on <a href=\"https:\/\/carajput.com\/services-company-registration.php\">company<\/a><\/u><\/em><\/strong><\/li>\n<li>imprisonment up to six months or with fine 25,000 rupees to 1 lakh rupees, or with both &#8211; <strong><em><u>every officer of the company<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default in maintaining a register of members or debenture-holders or other security holders<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>fine 50,000 rupees to 3 lakh rupees and where the failure is a continuing one, with a further fine up to 1000 rupees for every day, after the first during which the failure continues &#8211; <strong><em><u>company and every officer<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default in file declaration not holding beneficial interest in any share<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>Fine up to Rs.50,000 and a further fine up to Rs.1,000 for each day of default in case failure continues.<\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Default in file return relating to a beneficial interest in any share before the expiry of the time<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.500 but to Rs.1,000 &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>fine up to Rs.1,000 for each day &#8211; <strong><em><u>every officer who is in default<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/04\/Waht-is-Annual-Return-secton-92.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11379\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/04\/Waht-is-Annual-Return-secton-92.png\" alt=\"www.carajput.com; Annual Return Section-92\" width=\"810\" height=\"1163\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/04\/Waht-is-Annual-Return-secton-92.png 600w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/04\/Waht-is-Annual-Return-secton-92-209x300.png 209w\" sizes=\"(max-width: 810px) 100vw, 810px\" \/><\/a><\/p>\n<p><strong><em><u><span style=\"color: #000080;\">Practicing company secretary certifies the annual return otherwise than in conformity with the requirements<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.50,000 to Rs.5 lakh.<\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Default in holding a meeting of the or in complying with any directions of the Tribunal<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine up to Rs.1 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>fine up to Rs.5,000 for each day &#8211; <strong><em><u>every officer who is in default<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">If invitations to appoint a person as proxy<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li><strong><em><u>Every officer of the company<\/u><\/em><\/strong> who knowingly issues or willfully authorizes or permits their issue shall be punishable with a Fine up to Rs.1 lakh.<\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Failure to transfer amount relating to the accumulated profits to unpaid dividend account<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.5 lakh to Rs.25 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>1 lakh to 5 lakh &#8211; <strong><em><u>every officer of the company who is in default<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Failure to keep proper books of account<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Imprisonment up to one year or fine Rs.50,000 to Rs.5 lakh or with both &#8211; <strong><em><u>for MD, WTD, CFO<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default in complying with the directions issued relating to rectification of name of the company<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>Fine up to Rs.1,000 for each day &#8211; <strong><em><u>for company<\/u><\/em><\/strong>.<\/li>\n<li>5,000 to Rs.1 lakh <strong><em><u>&#8211; for officer<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default in the issue of a prospectus<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>50,000 to Rs.3 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to three years or with fine 50,000 rupees to 3 lakh rupees, or with both <strong><em><u>&#8211; every person who is knowingly a party to the issue of such prospectus<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Committing default in regarding the variation of shareholders&#8217; rights<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Imprisonment up to six months or fine Rs.25,000 to Rs.5 lakh or with both &#8211; <strong><em><u>officer of the company in default<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Failure to comply relating to transfer and transmission of securities<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.25,000 to Rs.5 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to six months or with a fine of 10,000 rupees to 1 lakh rupees. &#8211; <strong><em><u>every officer who is in default <\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Default with the order of Tribunal relating to rectification of register of members<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.1 lakh to Rs.5 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to one year or with fine 1 lakh rupees to 3 lakh rupees, or with both &#8211; <strong><em><u>every officer of the company<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Failure to publish the order of tribunal relating to the confirmation of the reduction of share capital<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.5 lakh to Rs.25 lakh &#8211; <strong><em><u>on the company.<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Default in relating to purchase by company or loans by company for the purchase of its shares<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs. 1 lakh to Rs.25 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to three years and with a fine of 1 lakh rupees to 25 lakh rupees &#8211; <strong><em><u>every officer of the company<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Default in complying with any regulation made by the Securities and Exchange Board of India relating to buying back of securities<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.1 lakh to Rs.3 lakh &#8211; <strong><em><u>on <a href=\"https:\/\/carajput.com\/services-company-registration.php\">company<\/a><\/u><\/em><\/strong><\/li>\n<li>imprisonment up to three years or with fine 1 lakh rupees to 3 lakh rupees, or with both <strong><em><u>&#8211; every officer of the company<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default with the order of Tribunal relating to the redemption of debentures<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>Imprisonment up to three years or fine Rs.2 lakh to Rs.5 lakh or with both &#8211; <strong><em><u>for officer <\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default in the provision relating to Registration of Charges<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>Fine Rs.1 lakh to Rs.10 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>imprisonment up to six months or with fine 25,000 rupees to 1 lakh rupees, or with both &#8211; <strong><em><u>every officer of the company<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default in maintaining a register of members or debenture-holders or other security holders<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>fine 50,000 rupees to 3 lakh rupees and where the failure is a continuing one, with a further fine up to 1000 rupees for every day, after the first during which the failure continues &#8211; <strong><em><u>company and every officer<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Default in file declaration not holding beneficial interest in any share<\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>Fine up to Rs.50,000 and a further fine up to Rs.1,000 for each day of default in case failure continues.<\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Default in file return relating to a beneficial interest in any share before the expiry of the time<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.500 but to Rs.1,000 &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>fine up to Rs.1,000 for each day &#8211; <strong><em><u>every officer who is in default<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">practicing company secretary certifies the annual return otherwise than in conformity with the requirements<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine Rs.50,000 to Rs.5 lakh.<\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">Default in holding a meeting of the or in complying with any directions of the Tribunal<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li>Fine up to Rs.1 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>fine up to Rs.5,000 for each day &#8211; <strong><em><u>every officer who is in default<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><strong><em><u><span style=\"color: #000080;\">If invitations to appoint a person as proxy<\/span> <\/u><\/em><\/strong><\/p>\n<ul>\n<li><strong><em><u>Every officer of the company<\/u><\/em><\/strong> who knowingly issues or willfully authorizes or permits their issue shall be punishable with a Fine up to Rs.1 lakh.<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Failure to transfer amount relating to the accumulated profits to unpaid dividend account <\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li>Fine Rs.5 lakh to Rs.25 lakh &#8211; <strong><em><u>on company<\/u><\/em><\/strong><\/li>\n<li>1 lakh to 5 lakh &#8211; <strong><em><u>every officer of the company who is in default<\/u><\/em><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong><em><u>Failure to keep proper books of account <\/u><\/em><\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Imprisonment up to one year or fine Rs.50,000 to Rs.5 lakh or with both &#8211; <strong><em><u>for MD, WTD, CFO<\/u><\/em><\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/ROC-penalies-on-non-filling-on-15-Feb-2022..png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-21926\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/ROC-penalies-on-non-filling-on-15-Feb-2022.-300x168.png\" alt=\"roc annual filing after 15 Feb 2022\" width=\"832\" height=\"466\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/ROC-penalies-on-non-filling-on-15-Feb-2022.-300x168.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/ROC-penalies-on-non-filling-on-15-Feb-2022.-1024x575.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/ROC-penalies-on-non-filling-on-15-Feb-2022.-768x431.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/ROC-penalies-on-non-filling-on-15-Feb-2022.-1536x863.png 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/ROC-penalies-on-non-filling-on-15-Feb-2022.-800x449.png 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/ROC-penalies-on-non-filling-on-15-Feb-2022..png 1599w\" sizes=\"(max-width: 832px) 100vw, 832px\" \/><\/a><\/p>\n<p><strong>Popular Article :<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/mca-proposes-change-in-process-of-obtaining-fresh-director-identification-number\/\">Process of obtaining fresh DIN<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/are-you-a-directorthen-you-have-to-file-ekyc-dir3-form.html\">Are you a Director- then need to file E-KYC DIR-3 Form<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/closure-of-subsidiary-company\/\">CLOSURE OF SUBSIDIARY COMPANY<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/compliance-for-foreign-subsidiary-companies-in-india\/\">Compliance for Foreign Subsidiary Companies in India<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PROVISIONS\u00a0 OF NON-COMPLIANCE OF COMPANIES ACT 2013 Non-compliance with the order of the central Government\/NCLT\/RD\/ROC. In case of Default of maintenance of certain records in the registered office of the company corporate governance norms Defaults Defaults involving substantial violations which may affect the going concern nature of the company. when there are Defaults involving contrary &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9027],"tags":[9079,9841],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/21179"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=21179"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/21179\/revisions"}],"predecessor-version":[{"id":23390,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/21179\/revisions\/23390"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=21179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=21179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=21179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}