"Qualified CS & Lawyer with more than 5 years of post-qualification experience in Corporate Secretarial compliance and Litigation matters and currently associated with Anil Dsouza and Associates as Practice Head- Corporate Law, Multi-Disciplinary Firm based out in HSR Layout, Bangalore You can reach me on email via cs.advisoryservices2021@gmail.com. "
Delve into the conundrum surrounding Section 42(7) of the Companies Act 2013 as the ROC Delhi’s adjudication order highlights the violations by fintech startups acting as distribution channels. Understand the implications and penalties for non-compliance.