The ROC Mumbai imposed a ₹10,000 penalty under Section 450 after an incorrect AGM date was mentioned in Form AOC-4. The order clarifies that authorized signatories are liable for inaccuracies in digitally signed e-forms, even if errors are inadvertent.
Government clarifies that SEZ Developers and Units can submit BLUT electronically, dispensing with stamp paper and notarization requirements under revised instructions.
The regulator has permitted sharing of structured subscriber information with Pension Funds to strengthen scheme promotion and performance assessment. The circular mandates strict compliance with data protection laws and regulatory oversight to prevent misuse.
The government has limited RoDTEP benefits to 50% of existing rates and value caps with immediate effect. The notification amends Appendix 4R and 4RE under the Foreign Trade Policy 2023.
RBI amended FEMA regulations to require a Currency Declaration Form when foreign exchange carried by passengers exceeds prescribed limits. The rule improves transparency in cross-border currency movement.
GSTN has launched an online facility allowing eligible taxpayers to opt out of Rule 14A registration. Filing of pending returns and Aadhaar authentication are mandatory pre-conditions.
A mismatch in paid-up capital disclosure in the annual return led to penalty proceedings under Section 454. The decision emphasizes that compliance failures in MCA filings, even if unintentional, invite statutory penalties.
A company was penalized for incorrectly selecting its OPC/Small Company status in Form AOC-4. The adjudicating authority clarified that MCA records are statutory public documents and inaccuracies attract liability despite claims of clerical error. Rectification does not nullify the offence.
ROC Pune imposed a penalty after a typographical error led to incorrect AGM details in Form MGT-7A. Although the AGM was duly held, incorrect filing attracted liability under Section 450. The director was fined ₹5,000 considering the company’s small status.
The adjudicating officer found that holding multiple DINs contravened Section 155 of the Companies Act. Despite the director’s claim of inadvertence and voluntary surrender, a reduced penalty of 50% of the maximum was levied.
