An effort is being made to list out the regular Annual Compliances (Section-wise) that are to be followed under the Companies Act, 2013 and the rules made thereunder:
Period |
Relevant Provision |
Particulars of Compliances |
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Consequence |
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1st Quarter |
Section 184 read with |
Disclosure of Interest by Director in |
Director |
in |
default: Imprisonment 1 year; |
or |
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(1st April to |
Rule 9 of relevant |
Form MBP -1 |
Fine |
Min: |
Rs.50,000/- |
Max: |
Rs.1,00,000/- |
or |
Rules |
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both of the above |
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30th June) |
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Vacation of office pursuant to Section 167(1) |
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Section 173 read with |
At least one board meeting should |
Officer in default: Penalty for not giving notice of BM |
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Rule 3 & 4 of relevant |
be held |
Rs.25,000/- |
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Rules and Sec 450 |
(not later than 120 days from |
Officer/Company: Penalty for violating 120 days gap: |
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previous Board Meeting) |
Rs.10,000/- and for continuing violation Rs.1000/- each day |
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Section 117(3)(g) |
Filing of Board Resolution for |
Company: |
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taking note of disclosure of |
Fine Min: Rs.5,00,000/- Max: Rs.25,00,000/- |
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Director Interest in Form MGT 14 |
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Every Officer who is in default: |
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Fine Min: Rs.1,00,000/- Max: Rs.5,00,000/- |
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2nd Quarter |
Section 173 r/w Rule - |
At least one board meeting should |
Officer in default: Penalty for not giving notice of BM |
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(1st July to |
3 & 4 of relevant rules |
be held |
Rs.25,000/- |
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and Sec - 450 |
(not later than 120 days from |
Officer/Company: Penalty for violating 120 days gap: |
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30th |
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previous Board Meeting) |
Rs.10,000/- and for continuing violation Rs.1000/- each day |
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September) |
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Section 117(3)(g) – |
Filing of Board Resolution for |
Company: |
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- Approval of Accounts |
Fine Min: Rs.5,00,000/- Max: Rs.25,00,000/- |
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- Approval of Directors Report in |
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Form MGT 14 |
Every Officer who is in default: |
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Fine Min: Rs.1,00,000/- Max: Rs.5,00,000/- |
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Section 96 r/w Sec.99 |
Holding of Annual General Meeting |
Company and every officer: |
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on or before 30th September or 15 |
Rs.1,00,000/- and for continuing violation Rs.5,000/- each day |
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months from the date of previous |
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AGM |
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3rd Quarter |
Section 139 r/w |
Intimation to Auditor of his |
Company and every officer: Rs.10,000/- and for continuing |
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(1st October |
Section- 450 |
appointment within 15 days of |
violation Rs.1,000/-each day |
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AGM. Filing of Form ADT- 1 within |
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to 31st |
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15 days of appointment of Auditor |
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December) |
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Section 137 r/w Rule |
Filing of Financial Statement within |
Company: |
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12 |
30days in Form AOC – 4 of AGM |
Fine of Rs.1,000/- every day, with a Max of Rs.10,00,000/-. |
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(Accounts, Auditors Report and |
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Officer in default: Imprisonment for 6 months or fine |
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Board Report) |
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Rs.1,00,000/- to Rs.5,00,000/- or with both |
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Filing of Balance Sheet, Statement |
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(For FY 2013 – 2014 – |
of Profit and Loss along with the |
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report of the Auditors, Directors, |
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Sec-220 of the CA, |
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and Compliance Certificate (if |
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1956) |
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applicable) in Form 23 AC & ACA |
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Filing of Compliance Certificate if |
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applicable. |
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Section 92 r/w Rule 11 |
Filing of Annual Return in Form |
Company: Fine Rs.50,000/- to Rs.5,00,000/- |
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& 12 |
MGT – 7 |
Officer in Default: imprisonment of 6 months, or fine |
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(For FY 2013 – 2014 – |
Filing of Annual Return in |
Rs.50,000/- to Rs.5,00,000/- or with both. |
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Sec-159 of the CA, |
Schedule-V, in Form 20 B. |
CS: fine Rs.50,000/- to Rs.5,00,000/- |
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1956) |
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Section 173 r/w Rule - |
At least one board meeting should |
Officer in default: Penalty for not giving notice of BM |
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3 & 4 of relevant rules |
be held |
Rs.25,000/- |
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and Sec -450 |
(not later than 120 days from |
Officer/Company: Penalty for violating 120 days gap: |
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previous Board Meeting) |
Rs.10,000/- and for continuing violation Rs.1000/- each day |
4th Quarter |
Section 173 r/w Rule - |
At least one board meeting should |
Officer in default: Penalty for not giving notice of BM |
(1st January |
3 & 4 of relevant rules |
be held |
Rs.25,000/- |
to 31st |
and Sec -450 |
(not later than 120 days from |
Officer/Company: Penalty for violating 120 days gap: |
March) |
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previous Board Meeting) |
Rs.10,000/- and for continuing violation Rs.1000/- each day |
This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.