The new Scheme replaces the 2021 framework with clearer procedures and higher compensation limits. It reinforces consumer rights while balancing regulatory oversight.
The adjudicating authority penalised a company for not spending mandatory CSR funds and failing to transfer unspent amounts on time. Subsequent rectification did not erase liability for the original default.
The tribunal has instructed registries not to flag defects of form that do not affect merits. This eases compliance during early portal usage.
The ROC held that inability to produce statutory minutes amounts to a clear violation of Section 118. Historical loss of records due to flood does not absolve ongoing compliance obligations.
The ROC held that uploading incorrect data and attachments in a statutory return constitutes a completed contravention. Later correction requests cannot wipe out penalty liability.
The ROC held that inability to produce the Register of Members amounts to a clear violation of Section 88, attracting a mandatory penalty despite historical circumstances.
The authority held that non-maintenance of statutory minutes attracts a fixed penalty even if records were destroyed due to unforeseen events. Flood damage was treated as mitigation, not a defence to statutory liability.
Authorities held that failure to file Form MGT-14 for approving annual accounts violated Section 117 of the Companies Act. The ruling reiterates that timely filing of board resolutions is mandatory.
Authorities held that non-filing of Form MGT-14 for approval of accounts violated Section 117 of the Companies Act. The ruling reiterates that filing board resolutions is a mandatory statutory obligation.
RBI has issued comprehensive amendments reshaping priority sector lending targets, classifications, and compliance norms. The changes tighten calculations, clarify eligibility, and enhance transparency across banking institutions.
