The ROC Mumbai penalized a company and its Managing Director for omitting the mandatory web link of the annual return in the Board Report for FY 2019-20. The ruling highlights that even seemingly minor disclosure lapses under Section 92(3) can attract penalties under Section 450.
The ROC Mumbai penalized a company and its Managing Director for failing to include mandatory disclosures in the Board Report for FY 2019-20. The ruling highlights that omissions relating to annual return details, cost records, and secretarial standards can attract penalties under Section 134(8).
ROC Goa imposed penalties after finding violations of AS-09 and AS-15 reflected in the auditor’s report for FY 2021-22. The order held that failure to ensure proper compliance in the Directors’ Responsibility Statement attracted independent liability under Section 134(5A).
The adjudication proceedings began after the Ministry of Corporate Affairs rejected the company’s NDH-4 application due to non-compliance with financial statement filing requirements. The ROC subsequently imposed penalties for delayed filing.
The article explains all important income tax deadlines for FY 2026-27 under the new Income Tax Act, 2025. It covers advance tax, TDS, ITR filing, audit reports, and penalties for non-compliance in a month-wise format.
PRGI Title Verification is the first legal step for starting newspapers, magazines, and journals in India. The process ensures that publication titles are unique and compliant with the new digital registration framework.
The IBC (Amendment) Act, 2026 introduces CIIRP as a faster and proactive insolvency mechanism for early-stage financial stress. The reform shifts India’s insolvency framework from post-default recovery to preventive restructuring.
The Corporate Laws (Amendment) Bill, 2026 proposes sweeping reforms to improve corporate governance, digital compliance, and global integration. The Bill aims to simplify regulations while strengthening accountability and investor confidence.
Chandigarh Chartered Accountants Taxation Association has requested CBDT to immediately release pending ITR e-filing utilities for AY 2026-27. The representation warns that delays in audit and statutory forms may cause compliance failures, portal congestion, and taxpayer penalties.
The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research purposes. The approval remains valid from AY 2026-27 to AY 2030-31 and enables tax benefits linked to scientific research.
