Regarding roc filling

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CHANDRAMOHAN (Querist)

16 September 2014 Dear sir,

In how many days MGT-14 to be filled with ROC for opening of bank account from date of resolution?

Ankur Garg

Ankur Garg (Expert)

16 September 2014 As per my opinion opening of bank account is a very routine resolution for which there is no need to file form MGT.14 for sure.

Thanks

Ankur Garg

Ankur Garg (Expert)

16 September 2014 Law related to filing of form MGT.14 under Companies Act, 2013

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

Thanks

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