Dear Sir/Madam,
We are Section-8 Charitable Pvt ltd Co with a smal size. We held AGM on 7.10.25 instead of 30.9.25 because the financials were signed by the auditor with the date as 7.10.25. Now can anybody guide me how to escape from compounding penalty. I heard that the penalty may be in lakhs.Our company secretary has already filed MGT-7 and AOC-4 . KIndly guide me
Thanks
Regards
Mahesh S V
Can you escape completely? No, because the forms are filed with the late date.
Will it cost lakhs? Unlikely for a 7-day delay if you file for compounding.
Immediate Action: Ask your Company Secretary to prepare the Compounding Petition (GNL-1) immediately to show good faith.
How much may be the penalty approximately sir. Wew are a small Section-8 Company with 12 employees
CAclubindia
