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Revised CAG directions for Statutory Auditors – Section 143(5) of Companies Act

May 23, 2025 15561 Views 0 comment Print

The CAG has issued revised directions for statutory auditors of government companies, effective May 23, 2025, covering investment valuation, IT system accounting, fund utilization, risk management, and regulatory compliance.

Acko General Insurance Penalized by IRDAI for Regulatory Breaches

May 19, 2025 1887 Views 0 comment Print

IRDAI imposes a Rs 1 Crore penalty on Acko General Insurance for violating outsourcing and commission regulations with Ola Financial Services.

ROC Imposes Rs. 2 Lakh Penalty for 2670-Day Delay in filing EGM resolutions

May 16, 2025 507 Views 0 comment Print

The Registrar of Companies (ROC) has imposed penalties on Gameskraft Technologies Private Limited for a significant delay in filing a company resolution, a violation of Section 117(2) of the Companies Act, 2013.

Gameskraft Technologies Faces MCA Penalty for 886-Day Delay in EGM Filing

May 16, 2025 573 Views 0 comment Print

Details of the penalty imposed by the ROC Bangalore on Gameskraft Technologies and its officers for a delay in filing a resolution under the Companies Act, 2013.

FSSAI Mandates Closure Report for Expired Licenses

May 16, 2025 1623 Views 0 comment Print

FSSAI directs FBOs to file closure reports for expired licenses via FoSCoS to maintain compliance and avoid penalties under the Food Safety Act, 2006.

IBBI Disciplinary Action: 2-Year Suspension for Insolvency Professional

May 15, 2025 993 Views 0 comment Print

The IBBI suspends Mr. Viswanathan Rajagopalan’s registration for two years over multiple violations under the Insolvency and Bankruptcy Code and related regulations.

CPIO Not Obligated to Reproduce Public Domain Information Under RTI Act

May 14, 2025 1617 Views 0 comment Print

IBBI disposes RTI appeal citing delay in reply and public domain availability of info on Ajnara India Ltd insolvency; reminds CPIO on timely responses.

IBBI RTI Appeals Disposed Over Delay in Responses

May 14, 2025 375 Views 0 comment Print

IBBI disposes multiple RTI appeals citing delayed responses by CPIO but finds the final replies satisfactory; stresses need for timely compliance with RTI Act.

Company Issued Physical Shares Instead of Mandatory Demat – MCA Imposes Penalty

May 13, 2025 8229 Views 0 comment Print

Neptune Petrochemicals penalized ₹1.19 lakh for issuing shares in physical form in violation of Section 29 of the Companies Act for 109 days.

Adhere to RTI Act Timelines Following Delay in RTI Application Disposal: IBBI

May 7, 2025 639 Views 0 comment Print

IBBI First Appellate Authority order on Jitendar Sood’s RTI appeals regarding information sought from the CPIO and delay in response.

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