What are the Penalties for Missing Annual Compliance Deadlines?
Missing annual compliance deadlines can lead to significant penalties for companies. For instance, failing to file financial statements (Form AOC-4) on time can result in a penalty of ₹1 lakh, along with an additional fine of ₹100 per day until the issue is resolved, capping at ₹5 lakh. Directors and the Chief Financial Officer (CFO) may also face fines of up to ₹50,000 each, plus ₹1,000 per day for ongoing non-compliance. Timely compliance is crucial to avoid these financial burdens.
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What Are the Penalties for Missing Annual Compliance Deadlines?
Learn about the penalties for missing annual compliance deadlines for public companies in India and how to avoid them. Stay compliant and protect your company's reputation
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