Section 90(4): Delay in Filing of E-Form BEN-2- MCA imposes ₹ 6 Lakh Penalty

The Ministry of Corporate Affairs (MCA) has recently imposed a significant penalty of ₹6 lakh on Banaras Beads Limited for delaying the filing of E-Form BEN-2. This penalty underscores the critical importance of timely compliance with the reporting requirements under Section 90(4) of the Companies Act, 2013.