RoC fines V-Guard MD over suo moto application filed by company

The Registrar of Companies (RoC) fined V-Guard Industries' Managing Director M K Chittilappilly Rs 2.03 lakh for violating rules related to director appointments and retirements. V-Guard had non-compliant board composition at its 2022 AGM, leading to a penalty. The company later rectified the issue with a compliant appointment.