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 scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced pena...
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 adjudication proceedings began after the Ministry of Corporate Affairs rejected the company’s NDH-4 application due to non-compliance with financial statement filing requirements. The ROC subsequently imposed penalties for delayed filing.
ROC Chennai held that delayed filing of Form MGT-14 for Board resolutions approving accounts constituted non-compliance under Section 117(1). Monetary penalties were imposed on both the company and officers in default.
ROC Chennai penalised a company and its directors for non-filing of Form MGT-7 for FY 2022-23, holding the default violated Section 92(4) of the Companies Act.
The adjudicating authority held that the company remained in continuous default for several years after becoming legally required to appoint a Company Secretary. The order emphasizes strict enforcement of corporate governance obligations relating to key managerial personnel appointments.
ROC Delhi penalised a company and its directors after it failed to appoint mandatory independent directors despite crossing the prescribed turnover threshold. The authority held that prolonged non-compliance under Section 149(4) attracted maximum penalty under Section 172 of the Companies Act.
ROC Delhi penalised a company and its directors after special resolutions relating to preferential allotment were filed years beyond the statutory deadline. The authority held that repeated delays under Section 117 attracted maximum penalties under the Companies Act, 2013.
The ROC Mumbai penalized an individual for possessing two Director Identification Numbers contrary to Section 155 of the Companies Act, 2013. The ruling highlights that obtaining duplicate DINs, even inadvertently, can attract continuing penalties under Section 159.
The ROC Mumbai penalized a director for filing incorrect AGM and due dates in Form AOC-4 for FY 2024-25. The ruling highlights that authorized signatories are personally responsible for accuracy of information filed in MCA e-forms.
The ROC Mumbai penalized a company and its Managing Director for omitting the mandatory web link of the annual return in the Board Report for FY 2019-20. The ruling highlights that even seemingly minor disclosure lapses under Section 92(3) can attract penalties under Section 450.
The ROC Mumbai penalized a company and its Managing Director for failing to include mandatory disclosures in the Board Report for FY 2019-20. The ruling highlights that omissions relating to annual return details, cost records, and secretarial standards can attract penalties under Section 134(8).
