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Company Law : The ROC imposed penalties for failure to disclose DIN in financial statements, violating Section 158. The key takeaway is that non...
Company Law : Failure to mention DIN in signed financial statements was held to violate Section 158. The authority imposed penalties while limit...
Company Law : Failure to disclose DIN in signed financial statements was held to violate Section 158. The ROC imposed penalties while limiting l...
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.
The order reiterates that acknowledgment of default or suo-motu disclosure does not exempt companies from penalties for statutory non-compliance.
The authority held that not consecutively numbering minutes books violates section 118(1) of the Companies Act. Even procedural lapses in corporate records can lead to fixed penalties on both the company and directors.
ROC held that non-appointment of a small shareholders’ director violates Section 151. The company and its directors were penalised at the statutory maximum under Section 172 for prolonged default.
The order reinforces that persistent non-filing of financial statements invites severe monetary consequences for both companies and directors.
