{"id":830,"date":"2026-02-23T08:03:59","date_gmt":"2026-02-23T08:03:59","guid":{"rendered":"https:\/\/www.mylegalbusiness.com\/blog\/?p=830"},"modified":"2026-02-23T13:56:31","modified_gmt":"2026-02-23T13:56:31","slug":"penalties-under-companies-act-2013","status":"publish","type":"post","link":"https:\/\/www.mylegalbusiness.com\/blog\/penalties-under-companies-act-2013\/","title":{"rendered":"Penalties Under Companies Act, 2013: Cost of Non-Compliance"},"content":{"rendered":"\n<p>The Companies Act 2013 was not only a procedural law but also a compliance-based legislation which intended to\u2002ensure transparency, accountability and good corporate governance in India. Non-compliance with\u2002its provisions can result in hefty fines, prosecution, director disqualification and in some cases, imprisonment. Most companies, startup, private companies closely held companies for that matter, tend to underestimate the statutory compliance, with the misconception that a few days delay or perhaps one or two omissions\u2002won\u2019t do much harm. But the reality is\u2002that even a small lapse can snowball into big legal and financial troubles.<\/p>\n\n\n\n<p>&nbsp;This blog describes major penalties under the Companies act, 2013 and why it proves very expensive to\u2002be non-compliant and the measures which a company can take to protect itself.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/penalties-under-companies-act-2013\/#Why_You_Must_Comply_with_the_Companies_Act2013\" >Why You Must Comply with the Companies Act,2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/penalties-under-companies-act-2013\/#Major_Non-Compliances_Under_the_Companies_Act_2013\" >Major Non-Compliances Under the Companies Act, 2013<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/penalties-under-companies-act-2013\/#Hidden_Costs_of_Non-Compliance\" >Hidden Costs of Non-Compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/penalties-under-companies-act-2013\/#Why_Choose_My_Legal_Business_LLP\" >Why Choose My Legal Business LLP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/penalties-under-companies-act-2013\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.mylegalbusiness.com\/blog\/penalties-under-companies-act-2013\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_You_Must_Comply_with_the_Companies_Act2013\"><\/span>Why You Must Comply with the Companies Act,2013<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The purpose of is to safeguard:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The\u2002interests of the shareholders<\/li>\n\n\n\n<li>Creditors\u2002and investors<\/li>\n\n\n\n<li>Public\u2002trust in the functioning of corporations<\/li>\n\n\n\n<li>Regulatable\u2002government income and expenditure<\/li>\n<\/ul>\n\n\n\n<p>Non-compliance is detrimental to this system and hence is\u2002punished rigorously.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_Non-Compliances_Under_the_Companies_Act_2013\"><\/span>Major Non-Compliances Under the Companies Act, 2013<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>Non-submission of annual returns (Section 92)<\/li>\n\n\n\n<li>Non-submission of the Balance Sheet and other documents (Section\u2002137)<\/li>\n\n\n\n<li>Failure to\u2002appoint an auditor (Section 139)<\/li>\n\n\n\n<li>Late submission of\u2002forms to ROC<\/li>\n\n\n\n<li>Non-maintenance of\u2002statutory registers (Section 88)<\/li>\n\n\n\n<li>Omission\u2002to hold the Annual General Meeting \u2013 AGM (Section 99)<\/li>\n\n\n\n<li>Related party transaction non-compliance\u2002(Section 188)<\/li>\n\n\n\n<li>Fraud Related Non-Compliance (Section\u2002447)<\/li>\n\n\n\n<li>Director disqualification for non-compliance\u2002(Section 164)<\/li>\n\n\n\n<li>Non-compliance with CSR\u2002requirements (Section 135)<\/li>\n\n\n\n<li>Non-maintenance of\u2002books of accounts u\/s 128<\/li>\n\n\n\n<li>Failure to Conduct board Meeting as required by Law (Section\u2002173)<\/li>\n\n\n\n<li>Non-disclosure of\u2002interest of director (Section 184)<\/li>\n\n\n\n<li>Non-Filing of Director KYC \/ Dir-3 KYC.<\/li>\n\n\n\n<li>Non-compliance\u2002of share allotment &amp; PAS-3 filing requirements<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hidden_Costs_of_Non-Compliance\"><\/span>Hidden Costs of Non-Compliance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Noncompliance doesn\u2019t just lead to statutory\u2002penalties, but also to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Erosion of trust\u2002from banks and investors<\/li>\n\n\n\n<li>Challenges\u2002in obtaining funding<\/li>\n\n\n\n<li>Regulatory attention\u2002and examinations<\/li>\n\n\n\n<li>Legal fees<\/li>\n\n\n\n<li>Business\u2002interruption<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Choose_My_Legal_Business_LLP\"><\/span>Why Choose My Legal Business LLP?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At My Legal Business LLP,\u2002routine filing is not enough for us. We serve as your\u2002ongoing compliance partners. What Sets Us Apart:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>End-to-end ROC and MCA compliance management<\/li>\n\n\n\n<li>Hands-on,\u2002commercial legal guidance<\/li>\n\n\n\n<li>Exclusive service for\u2002startups, SMEs, corporates<\/li>\n\n\n\n<li>Advance notifications and risk\u2002alerts<\/li>\n\n\n\n<li>Economical compliance\u2002options<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Breach of the Companies Act, 2013 is way costlier than complying with it. As MCA is getting more digitally enabled and ROC is more stringent in compliance, companies can\u2002no longer afford to be nonchalant or dilatory in their compliance. A forward-looking compliance strategy not\u2002only prevent fines, but also builds corporate credibility, good governance and sustainability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Does a non-compliance under Companies Act, 2013 amount to a criminal offence?<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><\/ol>\n\n\n\n<p>Unfortunately, it is unclear from your question which section of the Companies Act,2013 is applicable. It possibly meant\u2002that some violations of the Companies Act could be criminal offence.<\/p>\n\n\n\n<p>However, serious violations such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fraud (Section 447)<\/li>\n\n\n\n<li>Submission\u2002of false statements<\/li>\n\n\n\n<li>Oppression, mismanagement, or castration of funds continue to lead to criminal ability, including imprisonment\u2002and hefty fines.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Can penalties be waived\u2002by ROC?<\/strong><\/p>\n\n\n\n<p>In general, no.<\/p>\n\n\n\n<p>The penalty cannot be waived at\u2002the discretion of the Registrar of Companies (ROC). Fines are levied strictly\u2002by the law.<\/p>\n\n\n\n<p>Relief is possible only through:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Compounding of offences (Section 441)<\/li>\n\n\n\n<li>Amnesty \/ settlement schemes announced by MCA (e.g., CFSS)<\/li>\n\n\n\n<li>Statutory provisions for reduced penalties<\/li>\n<\/ul>\n\n\n\n<p>Ordinary requests\u2002for waiver will not be entertained.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Do small companies get penalty exemptions?<\/strong><\/p>\n\n\n\n<p>They do not get exemptions, but relief is provided.<br>Small companies, One Person Companies and Start-ups are eligible for reduced penalties (generally 50 % of the\u2002usual penalty), subject to the maximum amount prescribed under the law.<\/p>\n\n\n\n<p>However:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Compliance requirements remain mandatory<\/li>\n\n\n\n<li>Filing obligations cannot be ignored<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Is ignorance of law a valid defence?<\/strong><\/p>\n\n\n\n<p><strong>No.<\/strong><br>The principle of \u201cignorance of the\u2002law is no defense to prosecution\u201d applies ignorance of law is not an excuse.<\/p>\n\n\n\n<p>Even if:<\/p>\n\n\n\n<p>The default was unintentional<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The director was unaware<\/li>\n\n\n\n<li>There was reliance on staff or consultants<\/li>\n<\/ul>\n\n\n\n<p>Liability still arises.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Are directors personally liable for company defaults?<\/strong><\/p>\n\n\n\n<p><strong>Yes.<\/strong><br>Under the Act, penalties are often imposed on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>company<\/strong>, and<\/li>\n\n\n\n<li><strong>Officers in default<\/strong> (directors, CS, CFO, managers)<\/li>\n<\/ul>\n\n\n\n<p>In many cases, directors are <strong>personally fined<\/strong>, and repeated defaults may lead to <strong>disqualification<\/strong>.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>What happens if ROC notices continuous default?<\/strong><\/p>\n\n\n\n<p>ROC can take <strong>progressive enforcement action<\/strong>, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Issuing notices and adjudication orders<\/li>\n\n\n\n<li>Imposing increasing penalties<\/li>\n\n\n\n<li>Initiating prosecution (for serious cases)<\/li>\n\n\n\n<li><strong>Striking off the company<\/strong> under Section 248<\/li>\n\n\n\n<li>Disqualifying directors under Section 164(2)<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Can penalties be compounded?<\/strong><\/p>\n\n\n\n<p>Yes, for certain offences.<br>Under Section 441, offences punishable with fine only or fine + imprisonment can be compounded.<\/p>\n\n\n\n<p>Compounding:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Avoids prolonged litigation<\/li>\n\n\n\n<li>Requires approval of <strong>RD or NCLT<\/strong><\/li>\n\n\n\n<li>Is subject to payment of compounding amount<\/li>\n<\/ul>\n\n\n\n<p>Serious offences like fraud <strong>cannot be compounded<\/strong>.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Is late fee different from penalty?<\/strong><\/p>\n\n\n\n<p><strong>Yes, very different.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>Late Fee<\/strong><\/td><td><strong>Penalty<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Automatic<\/td><td>Requires adjudication<\/td><\/tr><tr><td>Fixed per day<\/td><td>Discretion within limits<\/td><\/tr><tr><td>No hearing<\/td><td>Opportunity of being heard<\/td><\/tr><tr><td>Paid at filing<\/td><td>Paid after order<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Late fee applies immediately on delayed filing, while penalties follow a formal process.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Can a company operate after director disqualification?<\/strong><\/p>\n\n\n\n<p>Practically and legally risky.<br>If all directors are disqualified:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Company cannot validly function<\/li>\n\n\n\n<li>Banks may freeze accounts<\/li>\n\n\n\n<li>Contracts become questionable<\/li>\n\n\n\n<li>ROC may initiate strike-off<\/li>\n<\/ul>\n\n\n\n<p>Immediate steps must be taken to <strong>regularise directors<\/strong>.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Are OPCs exempt from penalties?<\/strong><\/p>\n\n\n\n<p><strong>No.<\/strong><br>OPCs enjoy:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fewer compliance requirements<\/li>\n\n\n\n<li>Extended timelines<\/li>\n<\/ul>\n\n\n\n<p>But:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Penalties\u2002still apply if you do not comply<\/li>\n\n\n\n<li>They are not penalty-free entities<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Can penalty orders be appealed?<\/strong><\/p>\n\n\n\n<p><strong>Yes.<\/strong><br>An appeal may be made before the Regional Director (RD) within 60\u2002days of service of the order of adjudication.<\/p>\n\n\n\n<p>RD has the\u2002authority to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Confirm<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Modify<\/li>\n\n\n\n<li>Set aside the penalty<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Is imprisonment compulsory for all offences?<\/strong><\/p>\n\n\n\n<p>&nbsp;Only\u2002for the serious crimes such as those below can imprisonment be imposed:<\/p>\n\n\n\n<p>\u2022 Fraud<\/p>\n\n\n\n<p>\u2022 Repeated serious defaults<\/p>\n\n\n\n<p>&nbsp;\u2022 Breach\u2002of public interest<\/p>\n\n\n\n<p>Routine non-compliance now goes mostly\u2002to financial penalties.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Can non-compliance influence the company\u2002valuation?<\/strong><\/p>\n\n\n\n<p>Absolutely,<\/p>\n\n\n\n<p>Compliance status is taken into account by\u2002investors, lenders and acquirers in their due diligence.<\/p>\n\n\n\n<p>Non-compliance can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reduce valuation<\/li>\n\n\n\n<li>Delay funding or acquisition<\/li>\n\n\n\n<li>Lead to adverse audit remarks<\/li>\n\n\n\n<li>Create contingent liabilities<\/li>\n\n\n\n<li>Ongoing or past defaults remain punishable<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Can a retrospective fine be\u2002imposed?<\/strong><\/p>\n\n\n\n<p>&nbsp;The penalties are for breaches during\u2002the period and are not affected by when they are discovered.<\/p>\n\n\n\n<p>However:<\/p>\n\n\n\n<p>&nbsp;\u2022 The\u2002law is not applied retroactively unless it expressly states so.<\/p>\n\n\n\n<p>\u2022 Ongoing or past defaults remain punishable<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Is ROC strict about compliance now?<\/strong><\/p>\n\n\n\n<p>Yes, significantly.<br>The MCA uses:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AI-based scrutiny<\/li>\n\n\n\n<li>Data analytics<\/li>\n\n\n\n<li>Auto-generated alerts<\/li>\n<\/ul>\n\n\n\n<p>Mismatch in filings, non-filing trends, and financial anomalies are quickly flagged.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Can dormant companies ignore compliance?<\/strong><\/p>\n\n\n\n<p><strong>No.<\/strong><br>Dormant companies must:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>File annual dormant status returns<\/li>\n\n\n\n<li>Maintain minimum directors<\/li>\n\n\n\n<li>Pay prescribed fees<\/li>\n<\/ul>\n\n\n\n<p>Dormancy reduces burden but <strong>does not eliminate compliance<\/strong>.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>What if compliance default was unintentional?<\/strong><\/p>\n\n\n\n<p>In most <strong>civil penalty cases<\/strong>, <strong>intent is irrelevant<\/strong>.<\/p>\n\n\n\n<p>Even accidental or technical defaults attract penalties, though:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Adjudicating officer may impose <strong>minimum penalty<\/strong><\/li>\n\n\n\n<li>Reduced penalty provisions may apply<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>How can companies avoid heavy penalties?<\/strong><\/p>\n\n\n\n<p><strong>Best practices include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Timely statutory filings<\/li>\n\n\n\n<li>Compliance calendars<\/li>\n\n\n\n<li>Professional compliance audits<\/li>\n\n\n\n<li>Engaging Company Secretaries \/ legal advisors<\/li>\n\n\n\n<li>Periodic internal reviews<\/li>\n<\/ul>\n\n\n\n<p><strong>Prevention is far cheaper than penalties.<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Do\u2002the compliant need to be professionally assisted?<\/strong><\/p>\n\n\n\n<p>Highly recommended.<br>As companies grow, compliance becomes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Complex<\/li>\n\n\n\n<li>Time-sensitive<\/li>\n\n\n\n<li>Interlinked across laws<\/li>\n<\/ul>\n\n\n\n<p><strong>Professional support ensures:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Accuracy<\/li>\n\n\n\n<li>Risk mitigation<\/li>\n\n\n\n<li>Strategic compliance planning<\/li>\n\n\n\n<li>Peace of mind for directors<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>ALSO READ<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/first-board-meeting-after-incorporation-under-companies-act-2013\/\"><strong>First Board Meeting After Incorporation under Companies Act, 2013<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/common-company-law-mistakes-made-by-first-time-directors\/\"><strong>Common Company Law Mistakes<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/ngo-darpan-registration.php\"><strong>NGO Darpan Registration<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/can-one-person-be-director-in-multiple-companies\/\"><strong>Can One Person Be Director in Multiple Companies<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/is-moa-more-important-than-aoa\/\"><strong>Is MOA More Important Than AOA<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/registration-of-startup-under-dpiit\/\"><strong>Registration of Startup under DPIIT<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/gst-return-due-dates-in-india\/\"><strong>GST Return Due Dates in India 2026<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/how-to-close-a-company-legally-in-india\/\"><strong>How to Close a Company Legally in India<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mylegalbusiness.com\/blog\/highlights-of-union-budget-2026-27\/\"><strong>Highlights of Union Budget 2026-27<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Companies Act 2013 was not only a procedural law but also a compliance-based legislation which intended to\u2002ensure transparency, accountability and good [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-act-2013"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penalties Under Companies Act, 2013: Cost of Non-Compliance<\/title>\n<meta name=\"description\" content=\"Penalties under the Companies Act, 2013 explained-learn fines, legal consequences, and why non-compliance can be costly.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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