The Registrar of Companies penalised the company and its directors for non-compliance with Section 12 after official communication was returned undelivered. The violation was treated as a one-time offence under Section 12(8).
ROC Kolkata imposed penalties after a Whole-time Director appointment was made effective before passing the Board resolution. The five-day contravention triggered action under Section 450.
The authority found that approving financial statements before obtaining the Secretarial Audit Report contravened statutory requirements. A monetary penalty was imposed with compliance directions.
The authority amended its July 2025 notification to appoint additional officers for Fortified Rice Kernel regulation. The move strengthens statutory oversight under the Food Safety and Standards Act, 2006.
Information linked to verification of resolution plans was held exempt due to fiduciary relationship, reinforcing limits on RTI disclosures.
The revised directions mandate no collateral up to ₹20 lakh and permit banks to extend collateral-free MSME loans up to ₹25 lakh based on internal policy and borrower track record.
The regulator sought to create a holistic supervisory framework. It directed exclusive use of IFSC-recognised depositories for ISINs while allowing continued use of international CSDs where permitted.
The circular addresses confusion under FTP 2023 on chemical warehousing. It confirms that industrial chemicals can be stored in bonded warehouses subject to regulatory compliance.
Failure to file AOC-4 for multiple years led to penalties under Section 137(3). The order reiterates that statutory timelines are mandatory and enforceable through adjudication.
It was ruled that failure to properly collate and maintain the register of members constitutes a clear default attracting penalties under the Companies Act, 2013.
