ROC Fines Company and Directors For Not Operating from Its Registered Office Address:

ROC Fines Company and Directors For Not Operating from Its Registered Office Address The Registrar of Companies (ROC), Bangalore, has levied a penalty of Rs 1.50 lakh on the company, Norte Technologies India Private Limited and its two directors for violating Section 12(8) of the Companies Act, 2013.

Also Read

No Tax Liability for Student: ITAT Deletes Rs 13.18 Lakh Addition and Penalty in Crypto Deposit Case

In accordance with the physical verification and records available with the Registrar, it was found that the company was not operating from its registered office address. Moreover, if there was a change in the registered address, the company should have informed the Registrar of Companies (ROC) about the same; however, the company did not. This non-compliance violates Section 12 of the Companies Act, 2013, making the company and its directors liable for penalties under Section 454 of the same Act. Considering the same, a penalty of Rs 50,000 has been imposed on the company, Norte Technologies India Private Limited and Rs 1 lakh on its two directors, Praveen Surendiran and Sree Kumar Sundaramoor Thy (Rs 50,000 on each). They have been directed to pay the imposed penalty amount and rectify the stated default within 90 days of receiving the order.

Also Read

GSTN Update on difficulty in filing Appeal due to ‘NIL incorrect Demand’ Orders

Furthermore, if the company is not satisfied with the present order, it can challenge the same by filing an appeal in writing before the Regional Director, RD Bangalore, within a period of sixty days from the date of receipt of this order.