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 authority examined non-filing of charge registration for vehicle loans. It held that registration under company law is mandatory, attracting personal penalties on directors for default.
The order holds that failure to disclose mandatory allottee particulars violates securities allotment rules. Rejection of a regulatory form does not bar imposition of penalty under the Companies Act.
Regulatory correspondence returned undelivered led to action under registered office compliance rules. The ruling underscores that companies must maintain a functional address to receive statutory communications.
The authority held that failure to disclose related party contracts and justifications in the Board’s Report violates statutory transparency norms. A personal monetary penalty was imposed on the responsible director.
Non-compliance with mandatory board composition norms led to heavy penalties. Both the company and the officer were held liable under company law.
The Registrar found that statutory notices and court decrees were returned undelivered, proving non-maintenance of the registered office. The key takeaway is that companies and directors face the maximum penalty for such defaults.
A delay of 13 days in filing Form MGT-15 attracted penalties on both the company and key managerial personnel. The key takeaway is strict enforcement of AGM compliance timelines.
The regulator examined a failure to disclose full allottee particulars in the return of allotment. It held that incomplete disclosures violate securities allotment rules and attract penalty under the Companies Act.
The adjudicating authority held that non-receipt of official correspondence proved a breach of the statutory duty to maintain a registered office. Penalties were imposed on the company and its directors under Section 12(8) of the Companies Act.
The Registrar held that failure to disclose the risk management policy in the Board’s Report violated statutory reporting obligations. The key takeaway is that directors remain personally liable even after company strike-off.
