Failure to disclose PAN and email IDs of allottees in Form PAS-3 was held to violate Rule 14(6). The ROC imposed penalties under section 450, underscoring strict disclosure requirements.
Non-filing of MGT-15 for two financial years was held to violate section 121. Officers were penalised despite the company being under liquidation.
The CBDT notified a statutory development authority for income-tax exemption under Section 10(46A), effective from AY 2025–26, subject to continued statutory functions.
The appellate authority held that assigning zero or indeterminate values to major assets without adequate justification showed lack of due diligence. The matter was remanded for reconsideration with restrictions on future assignments.
SEBI has suggested a uniform 30-day delay for sharing and using price data for educational purposes. The proposal aims to curb misuse while keeping investor education content relevant.
The registrar imposed the maximum penalty for delayed MSME Form I filings. Even belated compliance did not prevent monetary penalties.
Repeated delays in filing MSME returns resulted in penalties reaching the statutory cap. The decision highlights strict enforcement of MSME disclosure timelines and accountability of management.
Delays running into several months in filing MSME-1 resulted in penalties capped at ₹3 lakh. The ruling underscores that extended non-compliance will invite the highest statutory consequences.
MSME-1 filings delayed by over two years attracted the highest statutory penalties. The ruling signals strict enforcement where non-compliance is prolonged and repeated.
A delay of 13 days in filing Form MGT-15 attracted penalties on both the company and key managerial personnel. The key takeaway is strict enforcement of AGM compliance timelines.
