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Audit Objection on Internal Financial Controls not explained in Board Report: MCA Levies ₹4.5 Lakh Penalty

July 16, 2024 756 Views 0 comment Print

Spacenet Enterprises India Ltd. faces penalties for non-compliance with Section 134 of the Companies Act, 2013. Adjudication order details from ROC Telangana.

Non-Filing of Form AOC-4 NBFC: MCA set-aside penalty of Rs. 314700

July 16, 2024 1581 Views 0 comment Print

Kudos Finance wins appeal against penalty for non-filing Form AOC-4 NBFC. Regional Director of MCA sets aside Rs. 314,700 penalty. 

Submission of Unsigned Attachments with Form AOC-4: Rs. 5 Lakh Penalty Upheld

July 16, 2024 1575 Views 0 comment Print

Kudos Finance’s appeal against a Rs. 5 Lakh penalty for unsigned attachments with Form AOC-4 is rejected by the MCA Regional Director. 

Delay in Filing of Form MGT-4, 5 & 6: MCA RD upheld penalty of Rs. 1.59 Lakh

July 16, 2024 1098 Views 0 comment Print

Regional Director confirms ₹1.59 lakh penalty for Kudos Finance over delay in filing MGT-4, MGT-5, and MGT-6. 

MCA Eases Naming Rules for Nidhi Companies

July 16, 2024 3438 Views 1 comment Print

Check out the latest Companies (Incorporation) Amendment Rules 2024 issued by Ministry of Corporate Affairs, omitting word Nidhi from rule 8A.

MCA Updates Rule 12A for Directors’ KYC with Effect from August 1, 2024

July 16, 2024 15303 Views 0 comment Print

Multiple Updates of Mobile Number or Email Address in DIN Allowed by MCA by submitting e‑form DIR‑3 KYC on payment of fees of five hundred rupees with effect from 1st August 2024.

DGFT Amends Para 4.49 (b) Handbook: Reduces Composition Fee to 1% from 3%

July 16, 2024 1116 Views 0 comment Print

DGFT amends Para 4.49(b) of Handbook 2023, reducing composition fee for export obligations to 1% from earlier 3% vide Public Notice: No. 14/2024-25

₹30 Lakh Penalty: Non-Appointment of CS after Crossing 5 Crore Paid-up Capital

July 15, 2024 3864 Views 0 comment Print

Discover the adjudication order under Section 203(1) of the Companies Act, 2013. Standard Glass Lining Technology Ltd. penalized for non-appointment of CS. Details of penalty and implications.

MSME Form-1 amended: Companies to Report MSEs Overdue Payment

July 15, 2024 31392 Views 0 comment Print

Read about the Specified Companies Order amendment under Companies Act 2013 to enhance reporting on payments to micro and small enterprise suppliers.

Companies (Management and Administration) Amendment Rules, 2024: Form MGT-6 amended

July 15, 2024 4368 Views 0 comment Print

Government of India amends Companies (Management and Administration) Rules, 2014. Learn about the changes and the new Form MGT-6 effective from 15th July 2024.

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