Corporate Law

[Trunal Rana]

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

[porus laboratories]

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

AI Summary

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.