Deepak Gupta | Apr 30, 2021 |

Penalty for delay in Filing Form MSME-1

As per Section 405(4)

If any company fails to comply with the requirement of filing Form MSME-1, the company and every officer of the company who is in default shall be liable to a penalty of twenty thousand rupees
and in case of continuing failure, with a further penalty of one thousand rupees for each day after the first during which such failure continues, subject to a maximum of three lakh rupees.

That means in the case of Non-filing of Form MSME-1:

The penalty of twenty thousand rupees &
a further penalty of one thousand rupees for each day

can be levied.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button

Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"

Tags: Companies Act, Company Law, MSME, MSME-1

Author Bio

Name: Deepak Gupta

Designation: Co Founder

Company: StudyCafe

Location: Delhi, India

Total Posts: 3478

CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.

My Recent Articles

Old vs New Tax Regime for Tax Year 2026-27 High court criticizes Income Tax Department for not releasing ITR Utilities despite 11 years of directions Fino Payments Bank CEO Rishi Gupta Gets Bail in GST Case, Bank Clarifies No Direct Link Fire Breaks out in Delhi Income Tax Office, GST Audit records damaged Income Tax Department releases FAQs on Transition from IT Act 1961 to 2025 View All Posts