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Resin treated compressed wood laminates (Quality Control) Order, 2023

July 14, 2023 666 Views 0 comment Print

Read about the Resin Treated Compressed Wood Laminates (Quality Control) Order, 2023 issued by the Ministry of Commerce and Industry. The order mandates the compulsory use of standard marks for specific goods and articles and designates the Bureau of Indian Standards as the certifying and enforcing authority.

IBBI Cancels Registration of Insolvency Professional for Violation of IBC

July 13, 2023 696 Views 0 comment Print

Reviewing the disciplinary order by IBBI, which led to the cancellation of registration of Mr. Ananda Rao Korada, an Insolvency Professional, for his violations of the Insolvency and Bankruptcy Code, 2016.

MCA Penalizes Rs. 36.25 Lakh for Untransferred 14.50 Lakh Unspent CSR

July 11, 2023 4383 Views 0 comment Print

MCA penalizes M/s Takraf India Pvt. Ltd. and its directors with Rs. 36.25 Lakh for not transferring Rs. 14.50 Lakh of unspent CSR as required by Section 135(6) of Companies Act, 2013.

Dual DIN: MCA Imposes Rs. 5,03,500 Penalty on Violator

July 10, 2023 9399 Views 0 comment Print

Learn about the MCA’s penalty on Thiyagarajan Parthasarathy for acquiring two DINs, a violation of Section 155 of the Companies Act, 2013.

Company Penalized for Not Including Cash Flow Statement in AOC-4

July 10, 2023 6804 Views 0 comment Print

SMP Constructions, penalized by MCA for failing to attach Cash Flow Statement with AOC-4 form. Discover impact, legal provisions and key insights.

IBBI Caution IP: Liquidation Value Discrepancies & Representation Matters

July 6, 2023 642 Views 0 comment Print

ead the Order by the Insolvency and Bankruptcy Board of India (Disciplinary Committee) cautioning an Insolvency Professional regarding liquidation value discrepancies and the need to be careful in representing matters before AA and NCLAT. Disciplinary Committee concludes that if there were factual discrepancies affecting the distribution of the resolution plan, Mr. Pramod Kumar Sharma should have filed an application before the Hon’ble NCLAT for rectification. The Committee advises Mr. Sharma to exercise caution when representing matters before AA and Hon’ble NCLAT.

MCA Imposes ₹19.92 Lakh Penalty for Non-Appointment of Company Secretary

July 6, 2023 15111 Views 0 comment Print

MCA recently imposed a penalty of ₹19.92 Lakh on R.R. Lifesciences Pvt. Ltd. for failing to appoint a Company Secretary, in violation of Section 203 of Companies Act, 2013.

Flame – Producing Lighters (Quality Control) Order, 2023

July 5, 2023 735 Views 0 comment Print

Learn about Flame-Producing Lighters (Quality Control) Order 2023 issued by Ministry of Commerce and Industry. Discover requirements, compulsory use of Standard Mark, certification, and penalties for non-compliance.

Potable Water Bottles (Quality Control) Order, 2023

July 5, 2023 1344 Views 1 comment Print

Read the Potable Water Bottles (Quality Control) Order 2023 issued by the Ministry of Commerce and Industry. Learn about the compulsory use of Standard Mark, certification, and penalties for non-compliance.

MCA Imposes Penalty for Delay in Filing Member’s Resolution & Explanatory Statement

July 5, 2023 6546 Views 0 comment Print

MCA has imposed a penalty on Alag Brainworks Limited for violating Section 117 of Companies Act, 2013 by failing to file a member’s resolution and explanatory statement within specified time frame. Learn more about the case and the penalties imposed by the MCA.

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