Corporate Law : Review essential compliance steps for SS-1 meetings of the Board of Directors, ensuring proper documentation and procedural adhere...
Company Law : Explore the essential details of General Meetings under the Companies Act, 2013, including AGMs, EGMs, quorum requirements, and no...
Company Law : Understand Secretarial Audit compliance under Companies Act, 2013. Ensure corporate governance and legal adherence with this compr...
CA, CS, CMA : Discover the major highlights of the revised Secretarial Standards on General Meetings (SS-2) issued by ICSI, effective from April...
Company Law : Secretarial Standards got the recognition by virtue of Section 118(10) of the Companies Act, 2013. As per Section 118(10) – ...
CA, CS, CMA : Learn the format, requirements, and analysis of the Annual Secretarial Compliance Report for listed entities. Explore key regulati...
CA, CS, CMA : Explore the Institute of Company Secretaries of India's latest announcement on revised Secretarial Standards (SS-1 & SS-2) for Boa...
Company Law : Non Adherence to Secretarial Standards lands Companies in a soup ;ROC imposes penalty The Companies Act, 2013 has entered into a m...
Company Law : The Institute of Company Secretaries of India 17th November, 2020 Dear Sir/Madam, Subject: Extension of last date to submit commen...
CA, CS, CMA : To set out the explanations, procedures and practical aspects in respect of the various provisions contained in the Auditing Stand...
Company Law : Anheuser Busch InBev India penalized ₹1,50,000 for violating Section 118 of the Companies Act, 2013, related to secretarial stan...
Company Law : The MCA fined Anheuser Busch InBev India ₹1.5 lakh for non-compliance with Section 118(10) of the Companies Act, 2013, regarding...
Company Law : MCA imposes Rs. 40,000 penalty on Triveni Nidhi Ltd. for non-compliance with Section 118(10) of the Companies Act, 2013. Details o...
Company Law : MCA imposes penalties on companies and officers for violating Section 118(10) of the Companies Act by not adhering to secretarial...
Company Law : Learn about penalties imposed by MCA on Pantheryx (India) Private Limited for non-compliance with clause 2.1 of Secretarial Standa...
MCA has issued a penalty order against Teleone Consumers Product Private Limited for violating Section 118 of Companies Act, 2013. Violation pertains to non-compliance with secretarial standards related to recording of minutes of meetings.
Explore the specific contents required in the minutes of board meetings under SS-1 Secretarial Standard, ensuring comprehensive records for transparency and corporate governance.
Adjudicating Officer concluded that there was a violation of Section 204 and imposed a penalty of Rs. 2,00,000/- on Secretarial Auditors.
Secretarial Standards are policies that define a typical structure and process for carrying out particular tasks within an organisation. Secretarial Standards covering a variety of subjects, such as Board of Directors and General Meeting meetings, the upkeep of registers and records, and the selection and compensation of directors, have been published by the ICSI.
One of the primary reasons for maintaining minutes is that they serve as evidence of compliance with the provisions of Companies Act, 2013.
It is observed that the subject company has not placed the related party transactions before the Audit Committee meeting held on 31.10.2018 for approval in compliance of section 118(1) of the Act r/w Secretarial Standard -1 (SS-1) issued by Institute of Company Secretaries of India. Relevant provision of para 1.3.8 of secretarial standard (SS-1) issued […]
Inspection of Books of Account and other records of the captioned company was conducted under section 206(5) of the Companies Act, 2013. During the inspection, it was reportedly observed by the Inspecting Officer that the company has not complied with the provisions of section 118(10) r/w Secretarial Standards. a. The subject company and its officers […]
Explore the key provisions of Secretarial Standards (SS-4) on the Report of Board of Directors under the Companies Act, 2013. Understand the prescribed format and disclosures for enhanced corporate transparency.
It is observed that the subject company had given SBI card to all 53 minority shareholders based on their requests. Hence, it is affirmed that the subject company has violated the provisions of Sec. 118(10) of the Companies Act, 2013 read with SS-2 in Clause 14 of Secretarial Standard.
Discover how Zyden Gentec Limited faced an ₹8 Lakh penalty from MCA for not attaching Secretarial audit report (in form MR-3) for financial years 2015-16 and 2016-17, as required by Section 204 of Companies Act, 2013. Details of violation and penalties explained.
