ROC Kolkata imposes penalty for delay in Woman Director appointment
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Regaal Resources received an order from the Registrar of Companies, Kolkata imposing penalties for delay in appointment of a Woman Director under Section 149 of the Companies Act 2013. Penalty of Rs 76,000 on the Company and Rs 2,28,000 on Officers in Default, under Section 454 of the Companies Act, following a Show Cause Notice already responded to. Company states no material impact on financial operations. This is a compliance-related regulatory penalty, not a SEBI action.
Minor regulatory penalty for a compliance lapse. No material impact on financials. May raise minor governance oversight concerns.