The First Appellate Authority held that details of the official who uploaded CIRP documents were exempt from disclosure under Section 8(1)(j) of the RTI Act due to absence of larger public interest.
ROC Mumbai held that repeated return of official notices proved non-maintenance of a registered office under Section 12(1) of the Companies Act. The company and its directors were penalized under Section 12(8) despite claims of temporary closure and health-related disruptions.
The ROC held that incorrect disclosure in Form AOC-4 amounted to violation of Rule 8(3) of the Companies Rules. Even inadvertent filing mistakes in digitally signed forms can lead to penalties under Section 450.
ROC Mumbai penalized a director for possessing two Director Identification Numbers in contravention of Section 155 of the Companies Act, 2013. The authority held that even inadvertent allotment of duplicate DIN attracts penalty under Section 159.
PFRDAs 2026 amendment redefines the assets of the National Pension System Trust, expressly covering subscriber funds, securities, and other investments. The change provides greater clarity on the assets held by the Trust on behalf of NPS subscribers.
RBI amended governance rules for Rural Co-operative Banks after observing that some directors were briefly resigning and returning to Boards to bypass statutory tenure restrictions. The new rules impose a mandatory three-year cooling-off period after ten years of continuous service.
RBI amended governance rules for Urban Co-operative Banks after finding directors briefly resigning and rejoining boards to bypass tenure limits. The new directions mandate a three-year cooling-off period after completion of ten years’ continuous tenure.
The ROC rejected the company’s defense that temporary reconstruction and business disputes justified the absence of staff and signboards. It held that statutory obligations under Section 12 remain mandatory at all times.
The adjudication order clarifies that incomplete filing of statutory resolutions on the MCA portal constitutes non-compliance. The company failed to rectify the defect despite notices and hearing opportunities.
ROC Mumbai-II imposed a penalty on a director for incorrect disclosure in Form AOC-4 XBRL filed for FY 2023-24. The authority held that authorised signatories are responsible for accuracy of e-form contents under Rule 8(3).
