The adjudication order clarifies that incomplete filing of statutory resolutions on the MCA portal constitutes non-compliance. The company failed to rectify the defect despite notices and hearing opportunities.
ROC Mumbai-II imposed a penalty on a director for incorrect disclosure in Form AOC-4 XBRL filed for FY 2023-24. The authority held that authorised signatories are responsible for accuracy of e-form contents under Rule 8(3).
ROC Mumbai penalised a company and its directors for failing to disclose a related party loan transaction in the Board’s Report and Form AOC-4. The authority held that omission of the transaction violated Section 134(3)(h) of the Companies Act.
ROC Mumbai imposed a penalty under Section 159 after a director was found holding two DINs simultaneously in violation of Section 155 of the Companies Act. The authority noted that the duplicate DIN was generated because of a system error during portal migration but still treated it as a continuing default.
ROC Mumbai imposed penalties on a listed company and its officers for failing to file Form MR-2 within the prescribed timeline for appointment of a non-resident Whole Time Director. The adjudicating authority held that the 878-day delay violated Rule 7(3) read with Sections 196 and 201 of the Companies Act.
ROC Mumbai penalized directors for treating special business as ordinary business in an AGM notice to avoid mandatory explanatory disclosures. The order highlights strict compliance requirements under Section 102 of the Companies Act.
ROC Mumbai penalized a company and its directors for failing to maintain consecutively numbered pages in Board and General Meeting minutes books. The order highlights mandatory compliance with Secretarial Standard-1 under the Companies Act.
ROC Chandigarh penalized a company and its directors for delayed filing of particulars relating to vacation of office of a disqualified director. The order highlights strict compliance obligations under Sections 170 and 172 of the Companies Act, 2013.
CESTAT Delhi held that incorrect classification or self-assessment of imported goods does not automatically constitute misdeclaration under the Customs Act. The Tribunal set aside penalties imposed on the Customs Broker.
Chennai ITAT held that seminars, workshops, conferences, and medical training programmes can qualify as “education” under Section 2(15) of the Income-tax Act. The Tribunal revived the 80G renewal application of a cardiology association and remanded the matter for fresh consideration.
