What if there is delay or non-filing?

In case of delay in filing the financial statement, the following additional fees is applicable:

 

Period of Delay

Additional fee payable

Delay beyond the period provided under Section 137(1) of the Act – Due dates to file AOC 4 (within thirty days of the date of annual general meeting)

Rs. 100 per day

 

Penalty for non-filing AOC 4

Defaulting Party

Penalty Imposed

Company

Rs. 1000 for every day of default subject to maximum of Rs. 10 lakhs

Managing Director/ Chief Financial Officer

or

In case of the absence of the Managing Director/ Chief Financial Officer – Any other Director who the Board assigns the responsibility

or

In case of the absence of any such Director – All directors of the company

Rs. 1 lakh + Rs. 100 per day for continuing default subject to maximum of Rs.5lakhs