Are you a director of a private limited company having a website?

 Are you a director of a private limited company having a website?

 Here are 3 disclosures that are mandatory else you may face dire penal consequences.

 

1.     Contact details on Home/Landing Page

a)     Name

b)    CIN

c)     Regd  Office Address

d)    Contact No., Name & Email of person to contact for grievances

 

2.     Notice of Shareholder Meeting (AGM & EGM)

Every Co. has to hold AGM (Annual General Meeting) every year for adopting financials etc. EGM is held on need basis. Notices of meetings are mandatorily required to be uploaded on website.

 

3.     Annual Return of the Company

Annual Return (Form MGT-7/7A) which is required to be filed with ROC (Registrar of Companies) every year is also required to be uploaded on website.

 

4.     Resignation of a Director

The fact of "Resignation of a Director" needs to be put up on the website within 30 days.

The above disclosures were mandatory website disclosures that apply to all companies irrespective of their type & size.

 

5.     Penalty for violation of the above:

		Penalty on Company			Penalty on each director
	Violation	Flat Amount	Variable Penalty per day	Maximum Limit	Flat Amount	Variable Penalty per day	Maximum Limit
1	Contact details NOT on Home/Landing Page	Nil	1000/-	1 lakh	Nil	1000/-	1 lakh
2	Notice of Shareholder Meeting NOT on website	10,000/-	1000/-	2 Lakhs	10,000/-	1000/-	50,000/-
3	Annual Return of the Company NOT on website	5,000/-	500/-	No Limit	5,000/-	500/-	No Limit
4	Resignation of Director NOT on website	10,000/-	1,000/-	2 lakhs	10,000/-	1,000/-	50,000/-

 

6.     Related Provisions

 

Sec 12 read with Rule 26 of Incorporation Rules

Sec 101 read with Rule 18 of Management & administration Rules

Sec 92

Sec 168 read with Rule 15 of Appointment & Qualification of Director Rules