All Directors liable to file Income Tax Returns in time: Delhi High Court held that all the Directors of a Company are equally liable for the filing of Income Tax Returns on time and not only the Managing Director. The Court has thus made it a collective responsibility of the Board of Directors. It is a right step towards ensuring division of work and accountability within a company. Similarly, all registered companies in India are required to file / e-file Annual Audited Results. Non-filing or delayed filing will attract prosecution, on show cause notice of ROC Mumbai or ROC Delhi as per Registered Office address, leading to penalty, prosecution; and compounding at NCLT - National Company Law Tribunal; prominently amongst 11 NCLT Benches are NCLT, Delhi, NCLT Mumbai, NCLT, Chennai, NCLT Hyderabad, NCLT Bangalore, NCLT Chandigarh, NCLT Ahmedabad, NCLT Allahabad, NCLT Jaipur, NCLT Kolkata, NCLT Gowahati. Its appellate is at Delhi viz. NCLAT - National Company Law Appellate Tribunal, New Delhi. info@legajoist.com