Non-Filing of Balance Sheet for 3 Consecutive Years: MCA imposes Penalty on Company and Directors [Read Order]
It was observed that the company has failed to file its financial statements for the years of 3 FYS, which is a serious lapse and attracts penalties under Section 137(3) of the Act
In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 4 directors for the non-filing of the balance sheet for 3 consecutive years. The company named Oriental India Kisanshakti Nidhi Limited was registered under…
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