The ROC levied penalties after finding that mandatory company details were omitted from MGT-9 and financial statements. The order highlights that even inadvertent filing gaps attract liability under Section 12(8).
ROC imposed significant penalties for failure to file FY 2019–20 financial statements despite extended deadlines. The case highlights strict consequences for prolonged non-compliance under Section 137.
The ROC held that failure to attach FY 2017–18 financial statements could not be penalized due to post-default decriminalization. The case clarifies the impact of statutory amendments on past non-compliances.
ITAT Ahmedabad held that speculative intraday trades are genuine and not accommodation entries. Additions under Section 68 totaling ₹1.25 crore and ₹1.53 lakh were deleted due to lack of foundational facts and proper inquiry.
ROC penalized the company and directors for conducting a board meeting 79 days late, reinforcing strict compliance with Section 173(1) timelines.
Authorities held that directors violated Section 184 by not filing Form MBP-1 for FY 2023-24. A penalty of ₹1 lakh each was imposed for the disclosure lapse.
MCA imposed penalties for delayed board meetings, citing a 427-day gap as non-compliance. The order directs payment within 90 days and outlines appeal rights and consequences for non-payment.
ROC held that financial statements signed without prior Board approval violated Section 134(1), attracting penalties on the company and directors. The key takeaway is that Board authorization is mandatory before signing audited accounts.
ROC Bengaluru imposed penalties for a 403-day delay in issuing share certificates, citing violation of Section 56. The order directs payment within 90 days and outlines the appeal process.
The adjudicating authority held that failing to fill the company secretary vacancy for over three years violated Section 203(5). Full penalties were imposed as the company was not eligible for reduced relief.
