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Issue ID: 107428
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Corporate Law

Date 02 Oct 2014
Replies1 Reply
Views 1087 Views
Asked by
Penalty for late MGT-14 filing arises under Companies Act penalty provisions; consult the applicable compliance rules.
Penalty exposure arises where a company fails to file Form MGT-14 within the prescribed time: the applicable statutory penalty framework under the Companies Act governs late filing and related procedural consequences, and the specified penalty provisions determine liability, remedial steps and defenses available to the company. (AI Summary)

What is the penalty for Company if MGT - 14 is not filed within due date.Company's balance sheet has not been finalised yet.

Corporate Laws / SEBI / LLP
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Replied on Oct 11, 2014
1.

Please read the provision of section 403 and 450 of the Companies Act, 2013 which gives clarity on your question.

VISWANATH E.N

M.COM., MBA FCMA FCS LLM

MOBILE 9000124885

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