The issue involved failure to file Form MGT-14 for approval of financial statements. The key takeaway is that such non-compliance attracts penalties under Section 450.
The order examines failure to disclose mandatory allottee details in statutory filings. It confirms that such omissions attract penalty under the residuary provision of the Companies Act.
The issue concerned failure to furnish complete allottee details as required under Rule 14(6). The authority held the lapse attracted penalty under Section 450, reinforcing strict compliance in securities allotment filings.
The issue was missing mandatory allottee details in PAS-3 filings. The key takeaway is that incomplete disclosures invite penalties under Section 450.
Incomplete disclosure in the return of allotment was found non-compliant. The company was directed to rectify defaults and pay penalties within the prescribed time.
The order holds that non-filing of MGT-14 for approving financial statements violates Sections 117 and 179, attracting penalty under Section 450 with monetary fines on the company and directors.
The order addresses failure to disclose occupation details of allottees in statutory filings. The authority held this omission to be a violation of securities allotment rules, attracting penalty under the Companies Act.
The issue concerned late filing of Form MGT-14 for a special resolution. The authority held the delay violated Section 117(2) and imposed penalties on the company and its officers.
The notification updates the IEPF Authority’s composition by appointing an RBI Executive Director as an ex-officio member. The key takeaway is the revised institutional representation within the Authority.
Draft governance amendments mandate a three-year cooling-off period after 10 years of continuous directorship to curb tenure circumvention and strengthen board independence.
