The ROC imposed the maximum statutory penalty on a Nidhi company for non-filing of financial statements under Section 137(3) of the Companies Act, 2013. The Managing Director was also penalized separately for continuing default.
ROC Patna imposed penalties on a Nidhi company and its Managing Director for failure to file financial statements under Section 137 of the Companies Act, 2013. The balance sheet remained unfiled despite adjudication notice and hearing opportunity.
The ROC penalized a Nidhi company and its Managing Director for non-filing of financial statements under Section 137(3) of the Companies Act, 2013.
The adjudication order explains how failure to file the FY 2022-23 balance sheet resulted in penalties on both the company and its managing director. The ruling emphasizes strict compliance obligations for annual financial statement filings.
The ROC imposed penalties on a Nidhi company and its Managing Director for non-filing of financial statements under Section 137(3) of the Companies Act, 2013.
ROC Patna penalized a company and its managing director for failing to file financial statements for FY 2016-17 under Section 137(3) of the Companies Act, 2013. The order highlights that continuous non-compliance can attract maximum statutory penalties.
ROC Haryana ruled that non-transfer of unspent CSR amount within six months from the close of the financial year constituted a violation attracting adjudication penalty proceedings.
SEBI has modified the Monthly Cumulative Report format for mutual funds following the introduction of new scheme categories. The revised reporting structure will apply from June 2026 onwards.
RBI has abolished the mandatory Investment Fluctuation Reserve requirement for commercial banks following changes in market risk and investment regulations. Banks must now transfer existing IFR balances to reserves or profit and loss accounts.
RBI has released draft amendment directions for commercial and small finance banks to strengthen Pillar 3 disclosures under Basel norms. The proposal focuses on transparency, governance, comparability, and improved risk reporting standards for banks.
