Non-Submission of Financial Statements Leads to Penalty on Assam-Based Company and Directors:

ROC imposed a penalty on the company and its four directors for failing to file financial statements for FY 2020-21 under the Companies Act, 2013.

Company and Directors Fined for Section 137 Violation

Saloni Kumari

Feb 8, 2026

Last update on Feb 8, 2026

Non-Submission of Financial Statements Leads to Penalty on Assam-Based Company and Directors The Registrar of Companies (ROC) Guwahati has issued an order of adjudication dated February 06, 2026, imposing a penalty amounting to Rs. 2.83 lakh on a company named Rowriah Estates Private Limited and its four directors under Section 454 of the Companies Act 2013. The concerned authority had ordered an inquiry into the defaulted company through a letter issued on June 17, 2021, under section 206(4). The Inquiry Officer (IO) conducted an inquiry into the company in question, adhering to the order of the ministry. The inquiry found that the company had not furnished the financial statements for the financial year 2020-21, as demonstrated by the MCA portal. This was an explicit contravention of the provisions of section 137(1) of the Companies Act, 2013. Hence, the officer held the company and its directors liable for penal action under section 137(3) of the Companies Act, 2013. The company urged for an online hearing. Considering the same, the authority fixed a hearing for January 16, 2026, and adjourned it to January 20, 2026. However, the hearing could not take place due to a technical glitch. The company could not submit its written reply through the online adjudication system; therefore, it submitted the response physically on February 05, 2026. In conclusion, the office imposed a penalty of Rs. 83,000 on the company, Rowriah Estates Private Limited, and Rs. 2 lakh on four directors named Ramanidhar Baruah, Snigdhajyoti Dhar Baruah, Sangita Dutta, and Jayanta Dhar Barua (Rs. 50,000 each). All have been asked to pay the levied penalty amount and rectify the default within the time period of 90 days from the day of receiving the order.

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Saloni Kumari

Content Writer

Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].