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 ...
Incorrect disclosure of promoter and public shareholding in a statutory return was penalised under the Companies Act. The key takeaway is that even clerical errors in MCA filings can trigger liability.
The regulator examined filing of statutory forms with incorrect financial figures. It held that later correction does not erase liability for filing defective information.
Filing a statutory e-form with incorrect details was held to be a completed offence. Even clerical errors can attract penalties, irrespective of subsequent correction requests.
The adjudicating authority held that non-affixation of the company’s name at its registered office violates Section 12, warranting penalties on the company and directors.
The adjudicating authority imposed the statutory maximum penalty after holding that non-filing of INC-22 for years violated Section 12 of the Companies Act.
The authority held that not maintaining a functional registered office violates Section 12, justifying the statutory maximum penalty on the company and directors.
ROC held that appointing an Independent Director for a third consecutive term violates section 149(11). Even voluntary disclosure did not shield the company and officers from maximum penalties under section 172.
Non-filing of mandatory board resolutions approving accounts led to monetary penalties. The order reiterates that approval of accounts must be promptly reported to the regulator.
ROC imposed the highest penalty for failure to file MGT-14 approving financial statements. The order reiterates strict enforcement of section 117 timelines.
Non-filing of mandatory MGT-14 for approval of accounts resulted in statutory penalties. The order reinforces strict compliance with board resolution filing requirements.
