https://www.taxtmi.com/forum/issue?id=119805 Non-compliance stems from an AGM failing to adopt standalone and consolidated financial statements (including a wholly owned foreign subsidiary) leading to incomplete statutory filings: AOC-4 filed later but MGT-7 and MGT-8 not filed due to absence of a correct AGM date. The primary remedial route is to convene an EGM to adopt the accounts and subsequently file or revise statutory forms with the Registrar; if direct correction is not possible, pursue formal compounding of the offences with payment of prescribed penalties, while securing professional advice and preserving supporting documentation. en-us Tue, 01 Apr 2025 17:10:09 +0530 Wed, 02 Apr 2025 11:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119805 Non-compliance stems from an AGM failing to adopt standalone and consolidated financial statements (including a wholly owned foreign subsidiary) leading to incomplete statutory filings: AOC-4 filed later but MGT-7 and MGT-8 not filed due to absence of a correct AGM date. The primary remedial route is to convene an EGM to adopt the accounts and subsequently file or revise statutory forms with the Registrar; if direct correction is not possible, pursue formal compounding of the offences with payment of prescribed penalties, while securing professional advice and preserving supporting documentation. Discussion-Forum Companies Law Tue, 01 Apr 2025 17:10:09 +0530 https://www.taxtmi.com/forum/issue?id=119805