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ROC Imposes Penalty on Directors for Non-Disclosure of Interest

June 6, 2025 855 Views 0 comment Print

An order from the Registrar of Companies, Hyderabad imposes a penalty on two directors for failing to disclose their interests as required by Section 184 of the Companies Act, 2013.

CBDT Facilitates Income Tax Data Sharing for Maharashtra Scheme

June 6, 2025 1026 Views 0 comment Print

CBDT authorizes income tax data sharing with Maharashtra for “Mukhyamantri Mazi Ladki Bahin Yojana” beneficiary identification, outlining the data exchange mechanism and MoU requirements.

MCA Imposes Penalty for Delayed Board Meeting Under Section 173(1)

June 5, 2025 894 Views 0 comment Print

The ROC has issued an order against Charles River Laboratories India Private Limited for failing to hold a board meeting on time, a violation of Section 450 of the Companies Act, 2013.

Section 446B Relief in Penalties Applies to Companies, Not Auditors

June 5, 2025 8499 Views 0 comment Print

Regional Director clarified that Section 446B, which offers relief to One Person Companies or Small Companies, is applicable to the company itself and not to its auditor. Therefore, the auditor could not use this defense to reduce the penalty.

Auditor Penalty Upheld for Companies Act Section 143 Violation

June 5, 2025 1020 Views 0 comment Print

Regional Director upholds ₹5,000 penalty on C.A. Manish Maheshwari for Section 143 Companies Act violation regarding audit report non-compliance.

MCA imposes Penalty on Baby Memorial for Demat Non-Compliance

June 4, 2025 1779 Views 0 comment Print

MCA imposes ₹2.10 lakh penalty on Baby Memorial Hospital Ltd for non-compliance with demat rules in securities allotments between 2021 and 2023.

Companies Act Penalty Reduced for delay in filing return of allotment

June 4, 2025 477 Views 0 comment Print

Regional Director reduces penalty on Chalasani Hospitals Pvt. Ltd. for delayed allotment return filing, citing portal issues and official circular.

Auditor Penalty Upheld for Companies Act Section 140(2) Violation

June 3, 2025 693 Views 0 comment Print

Regional Director confirms ₹50,000 penalty on CA Vijay Bora for violating Section 140(2) of the Companies Act, 2013, concerning auditor compliance.

GST Council Modifies Life & Health Insurance GoM

June 2, 2025 756 Views 0 comment Print

The GST Council Secretariat has updated the composition of the Group of Ministers (GoM) on Life and Health Insurance, effective June 2, 2025.

IBBI Cites Privacy Concerns for Non-Disclosure of Chairperson Visitor Information Under RTI

June 2, 2025 315 Views 0 comment Print

An IBBI RTI appeal regarding Chairperson appointments and employee overtime pay was disposed of. The authority affirmed no obligation to create or interpret information not held.

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