Company Registration 11 November 2026
Diwali Gift Rules for Indian Directors
Private limited companies in India must follow corporate‑governance rules when giving Diwali gifts to directors and key managerial personnel. The guidance details ROC filing timelines, gift limits, disclosures and penalties for non‑compliance.
Diwali gifting to directors and KMPs is subject to compliance checks. Companies must record gifts in board minutes, disclose them in ROC filings and stay within the ₹5,000 per person limit.
- ROC filing deadline: within 30 days of the gift.
- Gift value cap: ₹5,000 per director/KMP per fiscal year.
- Required disclosures in annual return and financial statements.
- Non‑compliance can attract penalties and affect corporate governance rating.
For full details see the original article.
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