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ROC Hyderabad Penalises Company for Board Meeting Default under Section 173”
The Registrar of Companies (ROC) Hyderabad has imposed penalties on a company and its directors for violation of Section 173(1) of the Companies Act, 2013. The default arose as the company failed to hold the required Board Meetings within the prescribed 120-day gap, with a delay of 268 days between two meetings. Penalty of ₹25,000 each was levied on the defaulting directors under Section 173(4). The order emphasizes the importance of timely Board Meetings and compliance with statutory requirements. Companies must ensure proper scheduling to avoid monetary penalties and regulatory consequences.
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