The Registrar held that failure to file Form MGT-14 for approval of financial statements violated Section 117(1) read with Section 179(3)(g). Penalty was imposed under Section 117(2) on both the company and its officers in default.
The Ministry of Corporate Affairs has amended its 2018 notification to revise and expand the list of Regional Directors. The updated framework takes effect from 16 February 2026.
The MCA has amended its 2014 notification by substituting the Noida Regional Director office with Northern Region Directorate I at New Delhi. The change takes effect from 16 February 2026.
The Ministry of Corporate Affairs has designated Registrars of Companies as Adjudicating Officers with revised territorial jurisdictions across India. The notification replaces earlier orders and becomes effective from 16 February 2026.
The Central Government has superseded the 2022 notification and reassigned state- and district-wise jurisdiction to specific Registrars. Appeals will lie before the concerned Regional Directors under the updated structure.
The authority held that failure to attach a valuation report with Form PAS-3 violates Rule 12(7) of the PAS Rules. In the absence of a specific penalty, the residuary provision under Section 450 was applied, resulting in maximum penalties.
Failure to attach a valuation report with Form PAS-3 was held to breach Rule 12(7). Since continuing penalties were already imposed earlier, only the minimum penalty was levied in this instance.
The order holds that delayed dematerialisation of securities violates Section 29(1A) and Rule 9A. The company and directors were penalised under the residuary provision for prolonged non-compliance.
The order holds that an additional director cannot continue beyond the statutory cut-off date without shareholder approval. Allowing delayed regularisation attracted penalties under Section 172.
The draft rules cut down the number of rules and forms significantly through consolidation. This signals a move toward simpler compliance and clearer tax administration.
