ROC Penalises Director for Incorrect Charge Disclosure in Financial Statements:

ROC Penalises Director for Incorrect Charge Disclosure in Financial Statements The Registrar of Companies (ROC) Guwahati has issued an order of adjudication dated February 04, 2026, imposing a penalty amounting to Rs. 10,000 on the director of a company named Bhartia Infra Projects Limited.

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Through a letter dated February 19, 2024, the concerned authority ordered an inspection into the affairs of Bhartia Infra Projects Limited. The inspection concluded that the company in the note no. 41 to the Financial Statements for the Year ended 31.03.2023 had disclosed, "The company does not have any charge required to be registered or satisfied with ROC during the year."

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However, according to the MCA portal, there are a total of 43 charges created in Financial Year 2022-23. Therefore, the statutory auditor of the disputed company has been unable to qualify the same in his audit report for the financial year 2022-23 and hence contravenes the provision of section 143(3)(h) of the Companies Act, 2013. Considering the same, ROC Guwahati imposed a penalty amounting to Rs. 10,000 on Amlan Bhadra, director of the disputed company. The director has been directed to rectify the default and pay the imposed amount of penalty within the time of 90 days.