Thank you for your response
Our representative will get in touch with you shortly.
As per Section 121 (1) of the Companies Act, 2013 every listed public company has to file MGT 15 (Report on Annual General Meeting) in less than 30 days from the completion of the Annual General Meeting.
As provided under Section 121(1) of the Companies Act, 2013 read with Rule 31(2) of the Companies (Management and Administration)Rules 2014; every listed public company shall prepare a report on the annual general meeting. The report shall provide a confirmation that the meeting was convened, held and conducted as per the provisions of the Act and the rules. The copy of the report shall be filed with the Registrar in eForm MGT-15 within 30 days of the conclusion of the annual general meeting along with the prescribed fee.
The following shall be the penalties under Section 121 of the Act:
|Company||Rs 1 lakh Continuing failure: Rs 500 for each day of default capped at Rs 5 lakh|
|Every officer in default||Minimum: Rs 25,000 Continuing failure: Rs 500 for each day of default capped at Rs 1 lakh|
Further, Section 448 of the Act provides that if any person makes a statement that is false though aware that it is false or omits any material fact knowing it to be material in any return/ report/ certificate/ financial statement/prospectus/statement or any other document he will be liable under Section 447 of the Act. Section 449 of the Act, provides for punishment for false evidence which shall be punishable with imprisonment for at least 3 years which may extend to 7 years and with a fine which might go up to Rs 10 lakh.
Disclaimer: The materials provided herein are solely for information purposes. No attorney-client relationship is created when you access or use the site or the materials. The information presented on this site does not constitute legal or professional advice, and should not be relied upon for such purposes or used as a substitute for legal advice from an attorney licensed in your state.