Default in Appointment of Whole-Time Company Secretary: MCA Imposes Penalty

Default – Appointment – Whole – Time - Company – Secretary – MCA – Imposes – Penalty - TAXSCAN

The Ministry of Corporate Affairs (MCA) imposed penalty on the company, Apex Traders and Exporters Ltd, that has defaulted the appointment of whole-time company secretary The applicant company and its officers, who have defaulted the provisions of section 203(1) r/w 203(5) of the Act for non-appointment of Whole- Time Company Secretary are liable for penalties…

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