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 ...
Simplified online registration, auto-enrolment via MCA portal, and digital initiatives have led to a 251% rise in new EPFO registrations between 2019-20 and 2023-24. The reforms significantly expanded formal social security coverage.
Failure to disclose director changes, related party loans, and website details in the Board’s Report attracted penalties. Reduced fines were applied under small company provisions.
The ROC imposed penalty for incorrect authorised share capital and omission of transaction details in financial filings. Reduced penalties were applied under Section 446B as the entity qualified as a Small Company.
The ROC imposed penalties for incorrect disclosures in Form MGT-7A, including errors in board meeting records and shareholding details. The order confirms that defective annual return filings attract liability under Section 450, even when filed voluntarily for adjudication.
ROC Mumbai held that once delay in appointing an Internal Auditor was compounded by the Regional Director and default rectified, no further penalty under Section 450 could be imposed.
Even though the form was auto-approved under STP mode, the adjudicating authority imposed penalty for inaccurate disclosure. Responsibility for correctness rests with the digital signatory.
ROC Kolkata imposed penalties under Section 172 after a public company failed to fill a Woman Director vacancy within the prescribed three-month period, resulting in 18 days of non-compliance.
The Adjudicating Officer held that omission of a mandatory valuation report in private placement filings violates Rule 12(7) and attracts penalty under Section 450 of the Companies Act. The plea of oversight was rejected, reinforcing strict compliance in statutory e-forms.
The adjudicating authority held that failure to attach the mandatory valuation report in private placement filings violates Rule 12(7) and attracts penalty under Section 450. Oversight was not accepted as a valid defence.
The adjudicating authority held that failure to appoint the required two independent directors within the statutory timeline violates Section 149. Monetary penalties were imposed on both the company and its officers.
