ROC Chennai ruled that despite a 565-day delay in filing Form MGT-7A, no penalty would be imposed since the company rectified the default before the adjudication notice.
ROC Chennai held that despite a 930-day delay in filing Form MGT-7A, no penalty would be imposed as the company filed the return before the adjudication notice was issued.
The ROC Chennai penalized a company and its directors for failing to file a board resolution within 30 days as required under Section 117. Although the form was filed after 125 days, reduced penalties were granted because the company qualified as a Small Company.
ROC Chennai held that although the annual return was filed 95 days late, no penalty was imposed because the company rectified the default before the adjudication notice, attracting relief under Section 454(2).
Despite delay in filing financial statements under Section 137, the ROC imposed zero penalty since the company filed the documents before adjudication notice. The ruling underscores that timely rectification can prevent penal consequences.
The ROC held that although the annual return was filed late, the company rectified the default before the show cause notice was issued. Hence, under Section 454(2) of the Companies Act, no penalty was imposed.
The ROC penalized a company and its director for failing to disclose PAN, occupation, and email details of allottees in PAS-3 returns. The violation attracted penalty under Section 450 of the Companies Act due to absence of a specific penalty provision.
PFRDA has revised the charge structure for Points of Presence under NPS schemes, introducing onboarding and AUM-based annual charges. The circular also clarifies exemptions for e-NPS subscribers and dormant accounts.
PFRDA issued a circular revising PoP charges under NPS after reclassifying corporates into Government Entities and Legal Entities. A 0.20% annual charge on AUM will apply to legal entities.
PFRDA has introduced a new framework reclassifying corporate participants in NPS into Government Entities and Legal Entities. The circular mandates certification and compliance requirements, failing which entities will face corporate-sector charges.
