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 adjudicating authority held that filing the declaration of commencement beyond 180 days violates Section 10A. The key takeaway is that delayed INC-20A filings attract statutory penalties regardless of intent.
The adjudicating authority penalised prolonged non-filing of Form MGT-14 despite claims of inadvertence. The key takeaway is that statutory timelines for board resolutions are mandatory, and excessive delays invite maximum penalties.
The Regional Director dismissed an appeal under Section 454 after finding procedural non-compliance, directing further action under Section 454(8) of the Companies Act.
The Registrar imposed penalties after finding a nearly six-year delay in appointing a mandatory whole-time Company Secretary once capital thresholds were crossed.
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.
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.
The ROC imposed penalties for failure to mention CIN and contact details on official letterheads. The key takeaway is that statutory disclosures are mandatory regardless of public data availability.
The order reiterates that disclosure of CIN and contact details on official publications is compulsory and non-negotiable under company law.
The authority held that omission of CIN, email, and contact number on official documents violates section 12(3)(c). Even technical disclosure lapses attract penalties under section 12(8).
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.
