The issue involved non-compliance with Section 150(1) due to improper appointment of an independent director. The authority held the company and officer liable, emphasizing mandatory selection from the IICA databank.
The ROC imposed penalties for appointing an Independent Director not listed in the IICA databank. The ruling highlights strict compliance with eligibility requirements under Section 150(1).
The ROC penalized the company for not appointing an Independent Director from the IICA databank. The ruling highlights strict compliance requirements under Section 150(1) of the Companies Act.
The authority penalized the company for delayed filing of MGT-6 beyond the prescribed timeline. It held that even a short delay constitutes a violation under Section 89(7).
The authority penalized the company for failing to file MGT-14 within 30 days of passing a resolution. It held that delayed compliance still attracts penalties under Section 117(2).
A massive delay in filing BEN-2 for significant beneficial ownership led to maximum penalties. The authority held that prolonged non-compliance attracts strict penal consequences.
The reform addresses repetitive annual filing requirements for directors. The new rule reduces frequency while maintaining accuracy through stricter update obligations.
The issue concerns misuse of powers during GST proceedings. The key takeaway is that courts enforced strict statutory limits and protected taxpayer rights.
The issue concerns criminal penalties in corporate law. The key takeaway is that offences are converted into civil penalties, reducing prosecution risk but increasing monetary liability.
ITAT held that a return filed under section 148 remains valid even if delayed. Failure to issue mandatory notice under section 143(2) makes reassessment void.
