ROC Chennai Imposes Penalty on Company for Delay in Filing Financial Statements in Form AOC-4

ROC Chennai Imposes Penalty on Company for Delay in Filing Financial Statements in Form AOC-4

The Present case is Regarding Thirumalai Thirumal Nidhi Limited not complying with Section 137 of the Companies Act, 2013. The matter was disposed of by the Registrar of Companies, Chennai who passed their order on 12th May, 2026.

The company didn’t file its financial statements for the year ending March 31, 2023 in Form AOC-4, and missed the deadline which was thirty days after the Annual General Meeting. That deadline is set by Section 137(1) of the Act. Instead, they filed on August 1, 2024, which was 274 days late.

Before this, the Ministry of Corporate Affairs had already rejected the company’s NDH-4 application because they hadn’t filed other statutory forms, including MGT-7 and AOC-4. The company attributed the delay to being understaffed and involved in legal issues with a former director when the adjudication began. It also requested a reduced penalty through its representation.

The Registrar held that the company and its officer in default, Thangavel Jothirajan, had contravened Section 137(1) and were liable under Section 137(3). Both the company and the officer were fined Rs 37,400 each. They have to pay within 90 days of receiving the order.