MCA imposes Penalty of ₹20 Lakhs on Company and its Directors for Non-Appointment of Whole-Time Company Secretary

MCA imposes Penalty Company and its Directors for Non-Appointment of Whole - Time Company Secretary - TAXSCAN

The company and its directors have been fined Rs. 20 lakhs by the Ministry of Corporate Affairs (MCA) due to their failure to appoint a whole-time secretary. The penalty was imposed as a result of a delay of 1683 days, with a cooling period of 6 months excluded from the calculation. M/s Himalayan Rolling Steel…

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