ROC Pune imposed penalties for failure to disclose required details in MGT-14 while issuing shares. Relief under Section 446B was granted due to start-up and small company status.
The Registrar held that non-filing of annual returns violates Section 92(4) of the Companies Act. Monetary penalties were imposed on the company and its officers for continued non-compliance.
The Registrar held that non-filing of e-Form INC-22A constitutes a violation of Rule 25A read with Section 450. Maximum penalties were imposed due to continued default and non-response to notice.
Authorities held that non-attachment of the Board’s Report to annual financial statements violates Section 134. The company and its directors were penalised due to complete non-response to statutory notices.
Failure to comply with statutory requirements for financial statements resulted in penalties under Section 134(8). Directors were held personally liable due to lack of response to the show cause notice.
ROC imposed penalty for failure to file mandatory DIR-3 KYC, leading to DIN deactivation. The order reinforces strict compliance with director KYC requirements to avoid maximum penalties.
The adjudicating authority held that non-filing of Form SH-7 violated Section 64 of the Companies Act. Penalties were imposed on the company and the officer in default despite claims of technical issues.
Orrisa High Court held that the petitioner is entitled to interest on the amount refunded with respect to IGST paid on ocean freight. Accordingly, competent authority is directed to pay simple interest @6% per annum on amount of refund.
Madras High Court held that dormant partner cannot be made vicariously liable for benami transaction especially since even the necessary averment to invoke vicarious liability is absent in the complaint. Accordingly, order set aside to that extent.
ICAI has published the draft MEF panel prepared under RBI norms. Members can verify details, reasons for ineligibility, and submit objections before finalisation.
