Delays running into several months in filing MSME-1 resulted in penalties capped at ₹3 lakh. The ruling underscores that extended non-compliance will invite the highest statutory consequences.
MSME-1 filings delayed by over two years attracted the highest statutory penalties. The ruling signals strict enforcement where non-compliance is prolonged and repeated.
Filing a statutory e-form with incorrect details was held to be a completed offence. Even clerical errors can attract penalties, irrespective of subsequent correction requests.
Incorrect disclosure of promoter and public shareholding in a statutory return was penalised under the Companies Act. The key takeaway is that even clerical errors in MCA filings can trigger liability.
The regulator examined filing of statutory forms with incorrect financial figures. It held that later correction does not erase liability for filing defective information.
The ITAT held that additions based on survey material cannot be sustained without proper opportunity of hearing. The matter was remitted for fresh adjudication after finding violation of natural justice.
The Registrar held that not serving annual reports within the prescribed time violates statutory disclosure obligations. Informal or oral practices cannot replace mandatory compliance.
The regulator examined failure to hold the minimum number of Board meetings in a calendar year. It held that missing even one required meeting violates statutory governance norms and attracts penalty.
Failure to appoint a whole-time Company Secretary within the statutory timeline led to substantial penalties on the company and its directors. The order reinforces strict adherence to Section 203 compliance requirements.
An incorrect statutory filing led to misclassification of the company on the MCA portal. The ruling clarifies that directors remain liable for accuracy of e-forms even when errors are voluntarily reported.
