Company Law : The FAQ clarifies that the Companies Act, 2013 does not restrict adjournment of a duly convened and commenced AGM. An adjourned AG...
Company Law : This FAQ examines the statutory authorities empowered to convene an Extraordinary General Meeting under the Companies Act, 2013. I...
Company Law : The 2025 amendment replaces annual DIR-3 KYC filings with a triennial compliance framework. Directors now need to file KYC once ev...
Company Law : The article explains when private companies can rely on MCA exemptions to borrow through board approval alone. It highlights the b...
Company Law : The article explains how Audit Committee, Board, and shareholder approvals apply to related party transactions under corporate law...
Company Law : The MCA has widened CSR eligibility by recognizing subscriptions to Zero Coupon Zero Principal Instruments as a valid CSR activity...
Company Law : The initiative addresses inefficiencies in the current filing system and proposes consolidation and automation. It highlights a sh...
Company Law : NFRA found major deficiencies in audit documentation and archival practices. The report highlights the need for stronger controls ...
Company Law : The inspection report highlights deficiencies in audit documentation, independence monitoring and compliance with auditing standar...
Company Law : The regulator found that the audit firm lacked an effective monitoring mechanism to ensure firmwide independence policies were pro...
Company Law : Penalty imposed on Sh. Laxit Awla under Section 165 of Companies Act, 2013, for exceeding directorship limits. Details on violatio...
Corporate Law : That the period of lockdown ordered by the Central Government and the State Governments including the period as may be extended ei...
Company Law : The MCA has amended the valuation rules to require Registered Valuer Organisations to maintain a minimum paid-up capital of ₹25 ...
Company Law : The Registrar of Companies penalized the company and its authorized signatory after an incorrect document was attached with Form A...
Company Law : MCA amends Schedule VII of the Companies Act to include subscription to zero coupon zero principal instruments on Social Stock Exc...
Company Law : MCA has amended the CSR Rules to recognize zero coupon zero principal instruments issued by Social Stock Exchange-listed NPOs. The...
Company Law : ROC Mumbai held that repeated return of official notices proved non-maintenance of a registered office under Section 12(1) of the ...
ROC Pune penalized a company and its directors for delayed filing of Form PAS-3 under Section 42(8) of the Companies Act, 2013. The authority held that delayed filing of return of allotment attracts a separate penalty under Section 42(9).
ROC Pune penalized a company and its directors for delayed filing of Form MGT-14 under Section 117 of the Companies Act, 2013. The authority granted reduced penalties after recognizing the company as a start-up eligible for Section 446B benefits.
ROC Pune held that procedural lapses in a private placement issue related to one integrated transaction and did not warrant multiple penalties. The authority accepted the company’s contention that Section 42(10) does not contemplate separate penalties for each procedural deviation.
ROC Pune held that procedural lapses in a private placement involving one investor formed part of a single integrated transaction and did not justify multiple penalties. No penalty was imposed under Section 42(10) of the Companies Act.
ROC Pune penalized a start-up company and its officers for delayed filing of e-Form MGT-14 relating to a Special Resolution under Section 117(1). Reduced penalties were granted after extending the benefit of Section 446B applicable to small companies and start-ups.
ROC Pune penalized a company and its directors for delayed filing of e-Form PAS-3 relating to private placement allotment under Section 42(8). The authority held that delay in filing return of allotment attracts separate penalty under Section 42(9).
ROC Pune penalized a company and its directors for utilizing private placement funds before filing return of allotment under Section 42(8). The authority held that such utilization violated the proviso to Section 42(4) of the Companies Act.
ROC Mumbai imposed penalty for possessing duplicate Director Identification Numbers in violation of Section 155. The ruling highlights that even inadvertent duplicate DIN allotment can attract continuing penalties.
ROC Delhi held that failure to regularize an Additional Director at the next AGM violated Section 161(1) of the Companies Act. Since the default continued for 2,721 days, maximum penalties were imposed on the company and directors.
The ROC found that the company failed to timely record cessation of an Additional Director whose office had automatically vacated by law. Delayed filing of DIR-12 resulted in severe penalties under Section 172.
