November 20, 2025
MCA Fines Company for Misreporting Director Attendance Dates in MGT-7
IntelME Verdict
Compliance Impact
TL;DR
Company fined ₹2,00,000, officers penalized ₹50,000 each for misreporting director attendance dates in Form MGT-7, emphasizing the significance of precise date reporting in annual filings.
Analysis
This case underscores the critical need for precise date reporting in annual filings to avoid penalties under the Companies Act, 2013. Legal professionals must ensure accurate date-matching to prevent fines and personal liability for officers-in-default. It serves as a stark reminder of the repercussions of misreporting director attendance, emphasizing the significance of meticulous compliance with regulatory requirements.
Source
TaxGuru Legal (India)↗Share:
