Non Appointment of CS by Company: RCO imposed penalty of Rs. 18.23 Lakh

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Non Appointment of CS by Company: RCO imposed penalty of Rs. 18.23 Lakh

 

Companies Act-2013 provides for mandatory appointment of the Company Secretary (CS) for certain categories of the persons. Non appointment of the CS results in the penalty on the company.

Recently, ROC has imposed penalty of INR 18,23,000/- imposed on company Pitchers Internet Private Limited and its three directors by the Registrar of Companies, Delhi for non appointment of CS.

The penalty will act as a deterrent to so many companies which often give fake advertisements for CS but do not appoint any CS. The market information suggest that immediately on 10th May 2021 PITCHERS INTERNET PRIVATE LIMITED, has appointed full time Company Secretary.

Let us have a review of the provision which provides for the appointment of the CS:

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