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Archive: 06 February 2023

Posts in 06 February 2023

ETFs Explained (Exchange Traded Funds)

February 6, 2023 1443 Views 0 comment Print

ETFs are investment funds that trade on stock exchanges, just like individual stocks. They provide investors with exposure to a diversified portfolio of assets, such as stocks, bonds, commodities, or a combination of these.Advantages of ETFs

Private Placement without conducting EGM – ROC reduces Penalty

February 6, 2023 939 Views 0 comment Print

During the course of Inquiry, it was observed that the e-Form PAS-3 filed for issue of 9,00,000/- worth of equity shares through private placement offer. Upon examining reply of Shri. S. Ragu, Director, it is inferred that the board meeting agenda speaks only about allotment of shares with no mention of Private Placement to M/s. […]

ROC reduces penalty for not filing Annual Returns considering alleged fraud by Ex-Director

February 6, 2023 1101 Views 0 comment Print

Authorized Representatives have appeared for the Appellants, while reiterating the grounds taken in the appeal had stated that the Company was not in a position to conduct the AGM and file the statutory returns in time, as Shri. Shahul Hammed, Ex-Director who was in-charge of banking, accounting and maintaining of registers, has misappropriated the company’s […]

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