MCA is imposing penalties companies for SBO violations

By way of its order dated July 9, 2024, the Registrar of Companies (“RoC”) has imposed a penalty on HeroX Pvt. Ltd. (“Company”) and its directors Mr. Suman Kant Munjal and Mr. Akshay Munjal for a total amount of approximately INR 9,00,000 on account of non-filing of Form BEN-2 with the RoC under Section 90 of the …

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