CA, CS, CMA : The article summarizes important notifications, circulars, judicial rulings, and regulatory changes issued between 11–17 May 202...
CA, CS, CMA : The week witnessed important rulings on benami transactions, GST natural justice violations, and misuse of insolvency proceedings....
Corporate Law : The amendment removes automatic moratorium protection for personal guarantors upon filing insolvency applications. It ensures cred...
Company Law : The MCA introduced a risk-based eligibility framework allowing more companies to access fast-track mergers. By replacing size crit...
CA, CS, CMA : The update discusses GST rulings on ITC and refunds, income tax relief interpretations, and insolvency reforms. It also covers dis...
Company Law : The MCA introduced a streamlined process for updating registered email IDs of companies and LLPs. The update ensures seamless rece...
Company Law : The update addresses repetitive annual KYC filings for directors. It allows filing once every three years, significantly reducing ...
Corporate Law : Simplified online registration, auto-enrolment via MCA portal, and digital initiatives have led to a 251% rise in new EPFO registr...
Company Law : All 38 e-forms move to MCA's V3 portal on July 14, 2025. Understand key changes like online filing, "My Application" section, new ...
Company Law : MCA21 portal sees 84 lakh filings in 2024-25; SMEs report technical issues. Govt enhances server capacity, grievance redressal, an...
Company Law : Kunhi Muhammed Etayattil Vs Asst. Registrar of Companies (Kerala High Court) HC remarked that,The facts of the case disclose a sor...
Company Law : The MCA has released draft amendments to simplify company incorporation procedures and reduce compliance requirements. The proposa...
Company Law : Circular No. 06/2024 MCA has waived the additional fee for filing various IEPF e-forms (IEPF-1, IEPF-1A, IEPF-2, IEPF-4) and e-ver...
Company Law : The NFRA fines Shridhar & Associates and CA Ajay Vastani for professional misconduct in auditing RCFL's financials for FY 2018-19....
Company Law : MCA imposes Rs. 2.25 Lakh Penalty on M/s. Martin Windfarms Pvt. Ltd. & Directors for erroneous disclosure under Section 134 of Com...
Company Law : Learn about M/s. Daison Land and Development Pvt. Ltd.'s penalty under Section 454 for breaching Section 134(3)(h) of the Companie...
The Presenting Officer further submitted that the Auditor of the company i.e. M/s SRBC & Co. LLP, Chartered Accountants, has not comply its duty as per the provision of Section 143(3) of the Companies Act, 2013, with respect to non-quantification of the Related Party Transaction as per para 23A of the IND-AS-24. Hence, non-complying the […]
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.
Ministry of Corporate Affairs is launching STK-2 form along with C-PACE functionality on 01st May 2023 at 12:00 AM.
Penalty for Non-Appointment CS – matter is returned back to Registrar of Companies advising to re-examine the issues in totality and pass fresh order by taking the above facts into consideration before passing adjudication order and imposing penalty on the Company and its defaulting officers.
ICSI developed separate google forms to obtain the details of such issues so as to sort them for easy redressal. On the basis of the information received, the same will be communicated to the MCA/LTI for early resolution.
