Delay in filing Form MGT-14 beyond statutory timelines led to penalties on the company and its directors. The case highlights strict enforcement of Section 117 compliance requirements.
The case involved non-compliance with Section 42 requirements during a private placement. The authority imposed maximum penalties, stressing that designated accounts must meet strict statutory standards.
CBIC extends due date for filing March 2026 GSTR-3B to April 21, 2026, for registered persons under Section 39 of the CGST Act.
The authority held that confusion arising from interim orders did not absolve the professional from taking proactive steps. The case reinforces the expectation of due diligence in insolvency proceedings.
The trade notice introduces an electronic system to resolve difficulties faced in using manually issued EPCG scrips. It enables seamless processing and transmission for better compliance.
The RBI has consolidated all previous e-mandate guidelines into a single framework governing recurring digital payments. The key takeaway is a unified and streamlined regulatory structure with enhanced customer safeguards.
The authority imposed penalties after finding the company failed to hold its first board meeting within 30 days of incorporation. The ruling reinforces strict compliance with Section 173(1).
The issue centered on omission of DIN details by directors in financial filings. The ruling imposed penalties while exempting individuals not associated during the default period.
The ROC imposed penalties for failure to disclose DIN in financial statements, violating Section 158. The key takeaway is that non-compliance with statutory disclosure requirements attracts monetary penalties under Section 172.
The case deals with failure to comply with the mandatory 120-day gap between Board meetings. The authority imposed penalties despite voluntary disclosure, reinforcing strict compliance requirements.
