Tax & Penalty5 Oct 2026, 07:20 pm
Yashhtej Industries fined ₹1.2 Lakh by MCA for non-compliance
AI Summary
Yashhtej Industries (India) Ltd received an Interim Order on October 5, 2026, from the Regional Director, Western Region-II, Ministry of Corporate Affairs, Mumbai. The order imposes a penalty of ₹75,000/- on the company and ₹15,000/- each on its three directors (Mr. Suraj S. Barge, Mr. Baswaraj M. Barge, and Mr. Shivling M. Barge), totaling ₹120,000/-. This penalty is for procedural non-compliance under Section 139(8) of the Companies Act, 2013. The company does not anticipate any material financial impact from this order.
Key Highlights
- MCA imposed ₹75,000 penalty on Yashhtej Industries.
- Three directors also fined ₹15,000 each by MCA.
- Total penalty amounts to ₹1.2 Lakh for company and directors.
- Penalty is for procedural non-compliance under Companies Act.
- Company expects no material financial impact from the order.
Price Impact
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