Companies Act, 2006

The Office shall keep the details so submitted safely in the electronic records of the concerned company. 81. Penalty for Non-submission of Documents: (1) Where a time limit is specified in this Act for submitting any statement, notice, or information required to be provided to the Office by the company, or for submitting information required to be provided to the company by an officer or shareholder, the director, officer, or shareholder responsible for providing such statement, notice, or information shall provide it to the Office or the company within such time limit.

(2) If the statement, notice, information, or response pursuant to section 51, 78, 80, 120, 131, or 156 is not provided within the time limit specified in subsection (1) Amended by the Act to Amend Some Nepal Acts, 2007., the Registrar shall impose a fine on the directors or officers of the company as follows:-

(a) For a period up to three months after the expiry of the deadline, one thousand rupees for a company with a paid-up capital of up to twenty-five lakh rupees, two thousand rupees for a company with a paid-up capital of up to one crore rupees, and five thousand rupees for a company with a paid-up capital exceeding that,
(b) For a further period up to three months from the date of expiry of the period under clause (a), one thousand five hundred rupees for a company with a paid-up capital of up to twenty-five lakh rupees, three thousand rupees for a company with a paid-up capital of up to one crore rupees, and seven thousand rupees for a company with a paid-up capital exceeding that,
(c) For a further period up to six months after the expiry of the period under clause (b), two thousand five hundred rupees for a company with a paid-up capital of up to twenty-five lakh rupees, five thousand rupees for a company with a paid-up capital of up to one crore rupees, and ten thousand rupees for a company with a paid-up capital exceeding that,
(d) After the expiry of the period under clause (c), for each year, five thousand rupees for a company with a paid-up capital of up to twenty-five lakh rupees, ten thousand rupees for a company with a paid-up capital of up to one crore rupees, and twenty thousand rupees for a company with a paid-up capital exceeding that.

(3) In the case of a non-profit distributing company failing to provide such statement, notice, or information within the time limit specified in subsection (1), the director or officer of such company shall be subject to the same fine applicable to a company with a paid-up capital of up to one crore rupees.

(4) Any director, officer, or shareholder liable to pay the fine under subsection (2) shall deposit such fine at the Office and submit the documents required to be submitted to the Office or the concerned company.

(5) When calculating the period after the expiry of the time limit under subsection (2), it shall be calculated from the date of commencement of this Act.

(6) If other statements, notices, or information required to be sent to the Office under this Act are not provided, the directors, officers, or shareholders of such company shall be fined at the rate of two hundred rupees for each month after the expiry of one month from the deadline for providing such statement, notice, or information.