| Document | Penalty for Company | Penalty for Directors | Other Actions |
|---|
| AOC-4 | INR 10,000 in case of continuing failure + INR 100 for each day of default subject to Max of INR 2 Lakhs | INR 1,00,000 in case of continuing failure + INR 1,000 for each day after the first during which such failure continues, subject to a maximum of INR 5,00,000 | Can be held liable for criminal prosecution under Section 447 of the Companies Act, 2013 |
| MGT-7 | INR 50,000 in case of continuing failure + INR 100 for each day of default subject to Max of INR 5,00,000 | INR 1,00,000 in case of continuing failure + INR 1,000 for each day after the first during which such failure continues, subject to a maximum of INR 5,00,000 | Can be held liable for criminal prosecution under Section 447 of the Companies Act, 2013 |
| Statutory Audit | INR 10,000 for each default | INR 1,00,000 for each default | Can be held liable for criminal prosecution under Section 447 of the Companies Act, 2013 |
| Income Tax Return | Penalty as per Income Tax Act, 1961 | Penalty as per Income Tax Act, 1961 | Can be held liable for criminal prosecution under Section 276C of the Income Tax Act, 1961 |