The Company suo-moto filed an application with the Registrar of Companies, Karnataka (“ROC”) for adjudication of an offense committed under the Act by not disclosing the details of its significant beneficial owner through filing an e form BEN-2 within due date, i.e., within 30 days from the date of receipt of details of the significant beneficial owner from the shareholder in form BEN-1. In this regard, ROC conducted a hearing and a practicing company secretary (PCS) attended the hearing as an authorized representative on behalf of the Company and its directors. The PCS admitted that the Company received the declaration from the significant beneficial owner on January 20, 2022 in form BEN-1.
Accordingly, form BEN-2 was required to file by February 19, 2022. However, the Company filed it with a delay of 163 days. The ROC accordingly, imposed the penalty of INR 1,81,500/- on the Company and 57,600/- each on its directors.
You can read the judgment by clicking on the below link:
