CA, CS, CMA : The reform shifts routine compliance to para-professionals, creating fee pressure and client shifts. Professionals must move towar...
Company Law : This explains how Company Secretaries ensure legal, governance, and compliance preparedness before listing. The key takeaway is th...
CA, CS, CMA : Effective study strategies for CS students, including overcoming challenges like lack of focus and poor presentation. Learn tips f...
CA, CS, CMA : Explore how the role of a company secretary has transformed from a traditional administrative position to a strategic governance p...
CA, CS, CMA : A summary of how AI is reshaping the role of Company Secretaries in India, from automating compliance tasks to new responsibilitie...
Company Law : ICSI highlights delays in marking defective forms by RoCs under CCFS 2026. It urges MCA to mandate time-bound processing or allow ...
Company Law : The representation points out that e-form design is imposing requirements beyond the law. It seeks alignment of system validations...
Company Law : The issue is ambiguity in filing authority during liquidation. ICSI has requested clarity to enable liquidators to maintain statut...
CA, CS, CMA : ICSI has opened empanelment for General Observers with detailed eligibility conditions to maintain fairness. It emphasizes indepen...
CA, CS, CMA : ICSI broadened eligibility criteria to allow final-year students and various professional streams to register. The decision enhanc...
Income Tax : Supreme Court held that as per regulation 114(4) of the Company Secretaries Regulations, 1982 election can be challenged by the ca...
Corporate Law : Sanjay Ghiya Vs Union Of India (Rajasthan High Court) Rajasthan High Court held that CHARTERED ACCOUNTANTS Or COMPANY SECRETARIES ...
CA, CS, CMA : Avenue for seeking certified copies as well as inspection is provided both in the Right to Information Act and in Company Secretar...
CA, CS, CMA : Working experience as an Assistant Company Secretary or a Management Trainee cannot be treated as equal to a Company Secretary so ...
Company Law, Corporate Law : Practicing professionals are prohibited from acting as full time directors. They can only act as non-executive directors not perfo...
Company Law : The case involved non-compliance with mandatory appointment of a whole-time company secretary. The authority held that delayed rec...
Company Law : The authority penalized prolonged non-compliance with mandatory appointment requirements under Section 203. Despite later rectific...
Company Law : Holds that failure to appoint a whole-time Company Secretary within the statutory timeline attracts penalty under section 203(5). ...
Company Law : The ROC held that non-appointment of a mandatory Company Secretary within the prescribed timeline constitutes a serious compliance...
Company Law : The issue involved non-compliance with mandatory appointment of a Company Secretary. The authority imposed penalties for violation...
Explore the implications of the latest PMLA notification, bringing practicing professionals in CA, CS, and CMA under its purview for financial transactions on behalf of clients. Stay informed to ensure compliance and avoid penalties.
Government notifies that following transactions done by CA, CS & CMA on behalf of their client will be covered under Prevention of Money-laundering Act, 2002. This notification is issued by the Ministry of Finance, Department of Revenue in India, and it pertains to the Prevention of Money Laundering Act, 2002. The notification outlines that certain […]
Inquiry into affairs of the company is independently directed by the Ministry of Corporate Affair to this office to investigate the Related Party Transaction matter of the Sun Pharmaceutical Industries Ltd. with Aditya Medisales Ltd covering the FY 2014-15 to 2017-18 and the omission of reporting of Related Parties Transaction (RPTs) and violation of the provisions the Companies Act, 2013.
Non-Appointment of CS – Penalty reduced on closely held private company and further imposing maximum penalty by the Registrar of Companies on the company, its Managing Director and other directors is harsh, burdensome on the Company.
Company is having a Managing Director and imposing penalty on non-executive director for Non-Appointment of CS should not have been made.
Non-Appointment of CS – MCA reduces penalty as all shareholders of Company are family members, no public interest is involved.
MCA reduces penalty as candidates who have consented for relocation to remote area for appointment as Company Secretary in company demanded a higher pay scale (above and beyond industry standards)
(a) due to Covid-19 pandemic, Company was unable to appoint Whole Time Company Secretary as none shown interest despite company’s effort during that period. (b) company is having negative reserves and surplus during the year 2021-2022. It has incurred losses during the year 2021.
Non-Appointment CS – penalty reduced – Ac imposing maximum penalty by Registrar of Companies on company, its Managing Director and other director is very harsh, burdensome on Company.
As Rule 8A (Appointment of Company Secretaries in Companies Not Covered Under Rule 8) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (w.e.f 09.06.2014), a company other than a company covered under Rule 8 which has a paid-up share capital of five crore rupees or more shall have a whole-time company secretary. […]
