This order highlights penalties for failing to keep private placement application money in a separate bank account. It clarifies that both the company and directors are collectively liable under Section 42(10).
ROC Mumbai penalizes a company and its directors ₹1,00,000 each for failing to maintain a registered office under Section 12(1) of the Companies Act, 2013.
Justo Realfintech Limited and its directors fined for failing to keep application money in a separate bank account under Section 42(6) of the Companies Act.
ROC Mumbai penalizes Pan Gulf Technologies and its MD for failing to attach the annual CSR report with the Board Report for FY 2022-23 under Section 134(3)(o).
The company voluntarily disclosed non-compliance with private placement fund rules, but penalties were still imposed. The judgment shows that proactive disclosure does not eliminate liability under Section 42(10) of the Companies Act.
All TDS deductions under Sections 194A, 194H, 194EE, and 194N will now be recorded at CPRC, streamlining reporting and compliance.
ROC Mumbai imposed penalties on a company and its officer for not including the Annual CSR Report in the Board Report for FY 2021-22. The ruling emphasizes strict compliance with Section 134(3)(o).
A delay of nearly eight years in meeting independent director and Audit Committee requirements resulted in fines totaling ₹6 lakh. The judgment reinforces the personal liability of officers for ongoing statutory defaults.
ROC Gwalior imposed penalties on a company and officers for using funds from a preferential issue before filing Form PAS-3. The ruling underscores compliance with Section 42(4) of the Companies Act.
ROC Ahmedabad levied penalties on a company and its Managing Director for delayed compliance with Section 149(4) and Section 172. The ruling emphasizes timely appointment of independent directors.
