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Company Law : Learn the consequences of not filing MSME Form 1 on time as illustrated by a recent penalty case. Understand the legal requirement...
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Company Law : MCA imposes ₹50,000 penalty on Xinpoming Technology for non-filing of DIR-3 KYC under Rule 12A. Appeal can be filed within 60 da...
Company Law : Penalty imposed on Sh. Laxit Awla under Section 165 of Companies Act, 2013, for exceeding directorship limits. Details on violatio...
Corporate Law : Delhi High Court refuses interim relief against NFRA penalties imposed on CAs and CA firm in the Reliance Capital audit lapses cas...
Company Law : ROC Mumbai penalized a director after Form AOC-4 contained an incorrect AGM due date. The order emphasizes that directors are resp...
Company Law : ROC Mumbai imposed a penalty after finding that an individual held two Director Identification Numbers in violation of Section 155...
Company Law : ROC Mumbai penalized a Whole Time Director for filing Form DIR-12 with an incorrect CFO appointment date. The order reiterates tha...
Company Law : The adjudicating authority held that an unlisted public company violated Section 29 by continuing to issue and transfer shares in ...
Company Law : The order emphasizes that delayed filing may regularize compliance but does not extinguish the offence committed during the period...
Authorities held that non-holding of Board meetings since incorporation is a serious governance lapse. Directors were personally penalised for violating mandatory meeting requirements under company law.
Failure to file AOC-4 for multiple years led to penalties under Section 137(3). The order reiterates that statutory timelines are mandatory and enforceable through adjudication.
Authorities held that failure to explain adverse audit remarks in the Directors’ Report violates statutory disclosure duties and attracts mandatory penalties.
The authority held that absence of a statutory register of members at the registered office violates Section 88. Administrative or record-keeping difficulties were not accepted as a defence, resulting in penalties on the company and directors.
The ROC imposed penalties after finding that mandatory Board Meetings were not held since incorporation. The key takeaway is that holding and documenting Board Meetings is a strict statutory obligation.
The adjudicating authority imposed penalties for a continuing failure to file statutory financial statements for FY 2020–21. The order reiterates that prolonged defaults attract monetary consequences and require mandatory rectification.
Authorities imposed statutory penalties after a company admitted failure to disclose reasons for unspent CSR amounts in its Board’s Report, holding the lapse actionable under the Companies Act.
It was ruled that failure to properly collate and maintain the register of members constitutes a clear default attracting penalties under the Companies Act, 2013.
The ROC imposed penalties for late filing of AOC-4 beyond the statutory timeline. The key takeaway is that timely filing of financial statements is mandatory, irrespective of financial difficulties.
The adjudicating authority held that not displaying the company name and statutory particulars at the registered office constitutes a clear breach of Section 12. Procedural lapses were not accepted as a defence, and monetary penalties were upheld.
