Filing of mgt 14

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Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2014 Is the Balance Sheet or the Audit report required to be attached to MGT 14 for Approval of Audited Financials in the Board Meeting??

Ankur Garg

Ankur Garg (Expert)

21 September 2014 No.

As per law only board resolution passed for approving annual accounts is required to be attached with form MGT.14.

No need to attach balance sheet and audit report with MGT.14. For that you have to file 23AC and 23ACA.

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Ankur Garg

Ankur Garg (Expert)

21 September 2014 Law related to filing of form MGT.14 under Companies Act, 2013 (22 July)

Filing of form MGT.14 is mandated by section 117 of the Companies Act, 2013. Section 117(2), prescribe the penalty for non-filing of form MGT.14.

As per Section 117(2), if a company fails to file the resolution or the agreement under sub-section (1) before the expiry of the period specified under section 403 with additional fee, the company shall be punishable with fine which shall not be less than five lakh rupees but which may extend to twenty-five lakh rupees and every officer of the company who is in default, including liquidator of the company, if any, shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.

For more clarity about form MGT.14 read my article available at the link mentioned below:

https://www.caclubindia.com/articles/list-of-resolutions-to-be-filed-with-roc-in-form-mgt-14-20664.asp#.U8O57KM27cs

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