Company Law : The FAQ clarifies that the Companies Act, 2013 does not restrict adjournment of a duly convened and commenced AGM. An adjourned AG...
Company Law : This FAQ examines the statutory authorities empowered to convene an Extraordinary General Meeting under the Companies Act, 2013. I...
Company Law : The 2025 amendment replaces annual DIR-3 KYC filings with a triennial compliance framework. Directors now need to file KYC once ev...
Company Law : The article explains when private companies can rely on MCA exemptions to borrow through board approval alone. It highlights the b...
Company Law : The article explains how Audit Committee, Board, and shareholder approvals apply to related party transactions under corporate law...
Company Law : The MCA has widened CSR eligibility by recognizing subscriptions to Zero Coupon Zero Principal Instruments as a valid CSR activity...
Company Law : The initiative addresses inefficiencies in the current filing system and proposes consolidation and automation. It highlights a sh...
Company Law : NFRA found major deficiencies in audit documentation and archival practices. The report highlights the need for stronger controls ...
Company Law : The inspection report highlights deficiencies in audit documentation, independence monitoring and compliance with auditing standar...
Company Law : The regulator found that the audit firm lacked an effective monitoring mechanism to ensure firmwide independence policies were pro...
Company Law : Penalty imposed on Sh. Laxit Awla under Section 165 of Companies Act, 2013, for exceeding directorship limits. Details on violatio...
Corporate Law : That the period of lockdown ordered by the Central Government and the State Governments including the period as may be extended ei...
Company Law : The MCA has amended the valuation rules to require Registered Valuer Organisations to maintain a minimum paid-up capital of ₹25 ...
Company Law : The Registrar of Companies penalized the company and its authorized signatory after an incorrect document was attached with Form A...
Company Law : MCA amends Schedule VII of the Companies Act to include subscription to zero coupon zero principal instruments on Social Stock Exc...
Company Law : MCA has amended the CSR Rules to recognize zero coupon zero principal instruments issued by Social Stock Exchange-listed NPOs. The...
Company Law : ROC Mumbai held that repeated return of official notices proved non-maintenance of a registered office under Section 12(1) of the ...
The violation of Section 42 of the Companies Act, 2013 pertains to the non-compliance of regulations regarding private placement of shares by a company. In this specific case, M/s. Payswiff Technologies Private Limited failed to adhere to the provisions of Section 42(6) of the Act, which requires the company to keep the funds received for […]
Penalty for non-filing of Form MGT-14 is imposed under Section 117(2) of the Companies Act, 2013. The section states that if a company fails to file the resolution or agreement specified in sub-section (1) within the specified period, it will be liable to a penalty of ten thousand rupees.
MCA has issued Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2023. Amendment introduces provisos to Rule 4 of the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. These provisos impose requirements on companies seeking to file removal applications, including the submission of overdue […]
On the examination of document submitted to ROC, it is observed that certifying professional had filed e form AOC-4 with wrong attachment
Learn about the penalty imposed by the MCA on a CFO for violating company law by holding office in more than one company. Detailed analysis and implications provided.
The complainants in their complaint have inter-alia alleged that the Company and its officers in default have accepted money on private placement basis in contravention of provisions of section 42 of the Companies Act, 2013 and Rules made there under.
Sun Pharmaceutical Industries Limited and its Directors penalized for failure to disclose Director’s shareholding in other Companies in Form DIR 12 Name of the Company: Sun Pharmaceutical Industries Limited Order Date: 28/04/2023 ROC: Gujrat, Dadra & Nagar Haveli Violation: Section 170 (2) of the Companies Act, 2013 read with Rule 18 of the Companies (Appointment […]
Statutory Auditor of the company play a crucial role while conducting audit and submission of their report. In this case, the statutory auditor has made omission of reporting of RPTs and it is negligence of their duty.
Inquiry into affairs of the company is independently directed by the Ministry of Corporate Affair to this office to investigate the Related Party Transaction matter of the Sun Pharmaceutical Industries Ltd. with Aditya Medisales Ltd covering the FY 2014-15 to 2017-18 and the omission of reporting of Related Parties Transaction (RPTs) and violation of the provisions the Companies Act, 2013.
The Presenting Officer further submitted that the Auditor of the company i.e. M/s SRBC & Co. LLP, Chartered Accountants, has not comply its duty as per the provision of Section 143(3) of the Companies Act, 2013, with respect to non-quantification of the Related Party Transaction as per para 23A of the IND-AS-24. Hence, non-complying the […]
