ROC Chennai has imposed penalty of INR 1 Lakh in total on the Company and its Director for not disclosing the date of Board Meetings in the Board Report.
This ROC Adjudication order serves a stern reminder not only the number of Board Meetings but also the importance of disclosing the date of Board Meetings and attendance report in the Directors Report.
The Company has to have in place a complete checklist points required under law to be disclosed in the Board Report to avoid the non compliances.Attaching the ROC order for reference.
