ROC Imposes Penalty on Director for Incorrect CSR Disclosure in AOC-4 XBRL:

ROC Imposes Penalty on Director for Incorrect CSR Disclosure in AOC-4 XBRL The Registrar of Companies Mumbai-II has imposed a penalty of Rs 10,000 on the director for filing incorrect information in the company’s financial documents for the financial year 2024-25.

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IIFL Subsidiaries Receive Income Tax demand worth Rs 56 Crore; Company Confident of Legal Stand

According to the order, the company had filed its AOC-4 XBRL form on January 22, 2026. However, while submitting the form, the company mistakenly marked Corporate Social Responsibility (CSR) applicability as "Not Applicable" instead of "Applicable". The form was digitally signed by the director. The ROC stated that under Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014, the authorised signatory and the professional certifying the form are responsible for ensuring that all details and attachments in the e-form are correct. The company realised its mistake and filed a suo-moto adjudication application on 20th May 2025 and accepted the mistake. Thereafter, on 22nd May 2026, ROC issued a show-cause notice. In its reply, the company admitted the technical violation and also stated to the authority that it does not want to have a personal or online hearing. The company requested that the matter be decided on the basis of the written submission and records already available.

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IIFL Subsidiaries Receive Income Tax demand worth Rs 56 Crore; Company Confident of Legal Stand

Considering the facts and the company’s admission, the ROC imposed a penalty on the director under Section 450 of the Companies Act, 2013.