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Archive: 24 May 2024

Posts in 24 May 2024

Comprehensive Guide to Provisions of Managerial Remuneration

May 24, 2024 4539 Views 0 comment Print

Understanding managerial remuneration: Exploring the provisions of managerial remuneration under the Companies Act, 2013 and SEBI regulations for listed entities.

Penalty Imposed on Adamas Builders for Board Meeting Delay

May 24, 2024 528 Views 0 comment Print

Adamas Builders fined Rs. 88,000 under Section 454 of the Companies Act for delaying a board meeting beyond the prescribed 120 days. Read full adjudication details.

Incomplete Shareholder Details in Form MGT-7 & MGT-9: MCA Imposes Penalty

May 24, 2024 1797 Views 0 comment Print

MCA imposes penalties on Equifax Analytics Pvt. Ltd. for incomplete shareholder details in Forms MGT-7 & MGT-9. Total penalty: ₹80,000.

Failure to Maintain Minimum paid-up capital: MCA Imposes ₹4.5 Lakh Penalty

May 24, 2024 1101 Views 0 comment Print

Reflektion Media Software India Pvt. Ltd. failed to maintain the minimum paid up capital as prescribed for a private company of Rs. 1,00,000 –  MCA imposes Penalty

MCA Imposes Penalty for Inadequate Board Report Disclosures

May 24, 2024 774 Views 0 comment Print

MCA imposes penalties on Reflektion Media Software for failing to disclose key details in Board Reports for multiple financial years under Section 134(3).

MCA Imposes Penalty on Company & Directors for Not Maintaining Minutes

May 24, 2024 612 Views 0 comment Print

Jai Shree Krishna Steel Works fined ₹25,000 by MCA for failing to maintain meeting minutes as per Section 118 of the Companies Act, 2013.

Failure to Convene Board meeting within prescribed Period: MCA imposes Penalty

May 24, 2024 510 Views 0 comment Print

Aspect Contact Center Software India fined by ROC Karnataka for failing to hold board meetings as required by Section 173(1) of the Companies Act, 2013.

Failure to include contact details on letterheads: MCA levied ₹4 Lakh Penalty

May 24, 2024 1188 Views 0 comment Print

G2.Com India Pvt Ltd fined for not including required contact details on letterheads per Companies Act, 2013. Penalty details and appeal process outlined.

CA Sanctioned for Embezzlement by ICAI Disciplinary Committee

May 24, 2024 735 Views 0 comment Print

The ICAI Disciplinary Committee has sanctioned CA Atish Omprakashji Kabra, removing him from the Register of Members for three months due to professional and other misconduct, including embezzlement.

Failure to include attendance slips & proxy forms in AGM notices: MCA imposes Penalty

May 24, 2024 990 Views 0 comment Print

Credii Technologies fined for failing to follow AGM notice rules in FY 2018-19 and 2019-20. Penalties and compliance details outlined by Registrar of Companies Karnataka.

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