{"id":8603,"date":"2025-02-11T10:21:07","date_gmt":"2025-02-11T10:21:07","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=8603"},"modified":"2025-12-30T14:18:23","modified_gmt":"2025-12-30T14:18:23","slug":"penalty-on-fail-to-include-web-address-in-director-report","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/penalty-on-fail-to-include-web-address-in-director-report\/","title":{"rendered":"Penalty on fail to include web address in Director Report"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4858\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/Principles-of-Preferential-Transactions-Speeding-Up-Insolvency-Proceedings.jpg\" alt=\"Principles of Preferential Transactions\u00a0\" width=\"1500\" height=\"1125\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/Principles-of-Preferential-Transactions-Speeding-Up-Insolvency-Proceedings.jpg 1500w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/Principles-of-Preferential-Transactions-Speeding-Up-Insolvency-Proceedings-300x225.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/Principles-of-Preferential-Transactions-Speeding-Up-Insolvency-Proceedings-1024x768.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/Principles-of-Preferential-Transactions-Speeding-Up-Insolvency-Proceedings-768x576.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/05\/Principles-of-Preferential-Transactions-Speeding-Up-Insolvency-Proceedings-800x600.jpg 800w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/h2>\n<h2><span style=\"color: #000080;\">MCA imposed Penalty on Directors\u2019 Report non-disclosure of company&#8217;s web address<\/span><\/h2>\n<p>MCA imposed Penalty on non-compliance Directors\u2019 Report non-disclosure of company&#8217;s web address with Sec 134(3)(a) and This penalty imposed by the MCA highlights the importance of compliance with statutory requirements under the Companies Act, 2013. This is an adjudication order regarding non-compliance with Section 134(3)(a) of the Companies Act, 2013, which mandates including the web address of the company in the directors&#8217; report. MCA has imposed penalties on Priyanshi Nidhi Ltd. and its directors for failing to include the company\u2019s web address in the directors&#8217; report as required by Section 134(3)(a) of the Companies Act, 2013. Total penalty: Rs. 4.5 lakh. A few key takeaways from this order:<\/p>\n<h3><span style=\"color: #000080;\">Mandatory Disclosure required in Directors\u2019 Report non-disclosure of company&#8217;s web address with Sec 134(3)(a)<\/span><\/h3>\n<ul>\n<li>Section 134(3)(a) of the Companies Act, 2013 mandates that the Directors\u2019 Report must include the company&#8217;s web address if available, ensuring transparency and easy access to corporate documents like the annual return.<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000080;\"><strong>Provisions of the Act:- Section 134(3) (a) of the Act reads as under:<\/strong><\/span><\/p>\n<p style=\"padding-left: 80px;\">\u201cThere shall be attached to statements laid before a company in general meeting a report by its Board of Directors, which shall include:<\/p>\n<p style=\"padding-left: 80px;\">(a) the web address, if any, where annual return referred to in sub-section (3) of section 92 has been placed] Section 134(8) of the Act reads as under:<\/p>\n<p style=\"padding-left: 80px;\">\u201cThe company shall be liable to a penalty of three lakh rupees, and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees.\u201d<\/p>\n<ul>\n<li>Priyanshi Nidhi Limited, incorporated on 29.05.2017, with a registered office in Varanasi, Uttar Pradesh, and an authorized capital of \u20b911,00,000. The company failed to include its web address in the directors&#8217; report for FY 2017-18 and 2018-19, violating Section 134(3)(a).<\/li>\n<li>Non-responsive to show cause notice: Despite receiving a notice on March 18, 2024, neither the company nor its directors responded, leading to the adjudication without a hearing.<\/li>\n<li>Companies must ensure they meet all disclosure requirements in their annual reports to avoid penalties. Additionally, non-compliance could lead to further legal repercussions. Adjudicating Officer Issued on 18.03.2024, requiring the company and its officers to explain their non-compliance.\u00a0 The MCA appointed the adjudicating officer u\/s 454 of the Companies Act, 2013, through a notification dated 24.03.2015.<\/li>\n<li>Penal Consequences: The failure to disclose the web address led to penalties u\/s 134(8). U\/s\u00a0 134(8), the company is liable for a penalty of \u20b93,00,000, and each officer in default faces a penalty of \u20b950,000. The company was fined \u20b93,00,000, and each director INR 50,000, totaling INR 4,50,000.<\/li>\n<li>If the company wishes to contest the order, it can appeal to the Regional Director (Northern Region) within 60 days of receiving the order.<\/li>\n<li>You may also review:\n<ul>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/service\/secretarial-audit-in-india\" data-cke-saved-href=\"https:\/\/www.caindelhiindia.com\/service\/secretarial-audit-in-india\">Secretarial Audit in India<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/service\/corporate-tax-advisory-services\" data-cke-saved-href=\"https:\/\/www.caindelhiindia.com\/service\/corporate-tax-advisory-services\">Corporate Tax Advisory Services<\/a><\/li>\n<li><strong><em><a href=\"https:\/\/carajput.com\/services-secretarial-retainrship.php\" data-cke-saved-href=\"https:\/\/carajput.com\/services-secretarial-retainrship.php\">company secretarial Retainership service<\/a>\u00a0in India<\/em>.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>MCA imposed Penalty on Directors\u2019 Report non-disclosure of company&#8217;s web address MCA imposed Penalty on non-compliance Directors\u2019 Report non-disclosure of company&#8217;s web address with Sec 134(3)(a) and This penalty imposed by the MCA highlights the importance of compliance with statutory requirements under the Companies Act, 2013. This is an adjudication order regarding non-compliance with Section &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[647],"tags":[1144],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8603"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=8603"}],"version-history":[{"count":3,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8603\/revisions"}],"predecessor-version":[{"id":8605,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8603\/revisions\/8605"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=8603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=8603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=8603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}