CG Vak Software fined ₹2.13 Lakhs for delayed filing

CG Vak Software & Exports Ltd has received an adjudication order from the Registrar of Companies, Coimbatore, imposing a penalty of ₹1.63 lakhs on the company and ₹0.50 lakhs on the Company Secretary. The penalty is for the delay in filing e-forms MR-1, which are required for the appointment of the Managing Director and CEO. The company has been directed to rectify the default and pay the penalties within 90 days. The financial impact on the company is limited to the ₹1.63 lakhs penalty.