Q. What is the Cost of Non-compliance with ROC?
Agam Gupta March 30, 2016 945 Views
The Companies Act, 2013 provides for penalty/fine or imprisonment either of the officer in default (Director in charge) and on the company.
The Managing Director, Executive Director, are the “officer in default”. If there is no executive director, all the directors are treated as “officer in default”.
For the procedural lapses such as late filing of forms, additional filing fees are required to be paid which may go up to 13 times of the normal fees.