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of <h1>Penalty for Directors Acting Without Consent Filing Explained: Section 629A and Late Filing u/s 611(2.</h1> The circular addresses whether a penalty under section 629A applies if a director acts without filing consent. It clarifies that section 264(2) prohibits acting as a director without filing consent within a specified period but does not affect the appointment or serve as disqualification under sections 261, 266, 274, or automatically vacate the office under section 283. A director acting without consent filing incurs a penalty under section 629A. However, consent can be filed late with an additional fee under section 611(2), and the Central Government may condone the delay under section 637B, removing the prohibition.
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