Period of Delay

Additional fee payable

Delay beyond the period provided under Section 137(1) of the Act – Due dates to file AOC-4 (within thirty days of the date of annual general meeting)

Rs. 100 per day

Defaulting Party

Penalty Imposed

Company

Rs. 1000 for every day of default subject to maximum of Rs. 10 lakhs

Managing Director/ Chief Financial Officer

or

In case of the absence of the Managing Director/ Chief Financial Officer – Any other Director who the Board assigns the responsibility

or

In case of the absence of any such Director – All directors of the company

Rs. 1 lakh + Rs. 100 per day for continuing default subject to maximum of Rs. 5 lakhs