The adjudication confirms that non-appointment of a secretarial auditor is a serious compliance breach. COVID-related explanations did not absolve liability under company law.
Insurers can now invest in AT1 bonds and Tier 2 capital instruments issued by AIFIs. The change widens investment options while aligning with existing bank investment norms.
Penalties were imposed after it was found that share subscription funds were used without valid allotment. The ruling reinforces strict compliance with private placement rules.
ROC held that failure to number pages in statutory minutes books violates Section 118. Even clerical lapses can invite penalties on both the company and its directors.
ROC held that non-appointment of a small shareholders’ director violates Section 151. The company and its directors were penalised at the statutory maximum under Section 172 for prolonged default.
ROC imposed the highest permissible penalty after finding prolonged failure to file AOC-4. The ruling underscores strict enforcement of Section 137(3) and personal accountability of directors.
ROC held that failure to file financial statements for consecutive years violates Section 137, warranting statutory penalties on both the company and its directors.
The authority held that the alleged age restriction for an examination arose from user-interface design, not from any rule or regulation, and found no RTI violation.
A practical two-day GSTAT workshop equips professionals with drafting, presentation, and procedural skills to excel in GST appellate practice.
The 2025 IBC amendments aim to reduce delays in insolvency processes, improving corporate debt recovery timelines and strengthening the insolvency framework.
