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MCA imposes penalty on Auditors for failure to comment on shareholding in excess of 5%

January 4, 2023 31725 Views 0 comment Print

As per Section 129(1) of the Companies Act 2013, the Financial Statements shall give true and fair view of the state of affairs of the Company, comply with the accounting standards notified under section 133 and be in form as provided in Schedule III. For each class of equity share capital as per Schedule III […]

MCA imposes penalty on company for not marinating registered office after giving benefit of small company

January 4, 2023 723 Views 0 comment Print

As per Section 12 A company shall, on and from the thirtieth day of its incorporation and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notices as may be prescribed. It is observed that company is a small company so benefits of small company is extended to this company while adjudicating penalty.

Sign board of company outside registered office damaged due to rain- MCA imposes penalty for non-display

January 4, 2023 1728 Views 0 comment Print

Due to rain and stormy whether the display board showing the name of the company was damaged. Whereas, it is concluded that on the date of visit the company was non-compliance with regard to section 12(3)(a) of the Companies Act, 2013. Hence, the company and its directors are liable for penalty for defaulting period i.e. from 29.08.2022 to 30.08.2022).

Moneys destroyed Name & Address Board of Company – MCA imposes Penalty

January 4, 2023 693 Views 0 comment Print

Company office is situated in village and often monkeys roam here and there, we had duly put on place the board but just 3 days before the inspection, it was tempered and destroyed by the monkeys, we had ordered for new board to be displayed which took 5 days to deliver and we affixed the new board on 8th September, 2022

Company penalised for not affixing its name & address outside its registered office

January 3, 2023 2436 Views 0 comment Print

Company failed to paint or affix its name and address of its registered office outside its office or place in which its business is being carried upon. Therefore company has not complied with the provisions of section 12(3)(a) of Companies Act, 2013

Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023

December 30, 2022 3867 Views 0 comment Print

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2022-23 (starting from 1st January, 2023 and ending on 31St March, 2023) have been revised

16.50 Lakh penalty imposed on Company & Directors for delay in CS appointment

December 29, 2022 1869 Views 1 comment Print

Company Secretary Ms. Sangeeta resigned from the company w.e.f. 28.01.2021 from the office of whole time company secretary that thereafter company appointed a whole time company secretary Mr. Annu Bhagat on 24.01.2022

Default in Appointment of CS: MCA RD reduces Penalty from Rs. 33.82 Lakh to Rs. 2.08 Lakh

December 29, 2022 144 Views 0 comment Print

Explore the adjudication order concerning Avanti Leathers Limited under the Companies Act, 2013, addressing penalties for non-compliance with section 203.

RD reduces penalty from 64 Lakh to 14 Lakh for default in issue of Compulsorily Convertible Preference Shares

December 28, 2022 765 Views 0 comment Print

Company has failed to comply with the below mentioned provisions of Section 42 of the Companies Act, 2013 also: (a) Company did not pass any Board Resolution for approval of Private Placement. (b) Company did not circulate the letter of offer to the proposed allottees in PAS-4 or not maintained any records of the offer in PAS-5

MahaRERA: Additional conditions for extension of project

December 27, 2022 8415 Views 0 comment Print

Extension of validity of project registration under MAHARERA would be granted, on promoters complying with the directions issued under Order No. 7 of 2019 dated 08.02.2019.

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