November 20, 2025
MCA Fines Company for Misreporting Director Attendance Dates in MGT-7
IntelME Verdict
Compliance Penalty
TL;DR
Company fined ₹2,00,000, officers fined ₹50,000 each for misreporting director attendance dates in Form MGT-7, emphasizing the significance of accurate date reporting in annual filings.
Analysis
This case serves as a stark reminder to tax/accounting professionals about the critical importance of accurate date reporting in annual filings. Misreporting dates, even inadvertently, can lead to significant penalties under the Companies Act, 2013. Tax professionals need to ensure precise compliance with reporting requirements to avoid costly fines and penalties for their clients.
Source
TaxGuru Legal (India)↗Share:
