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Penalty for Non-Compliance with Private Placement Laws

September 24, 2024 3339 Views 0 comment Print

M/s. Galaxeye Space Solutions faces penalties for violating Section 42 of the Companies Act on private placement non-compliance.

e-Form BEN-2 filed with delay of over 527 days: MCA imposes Penalty

September 20, 2024 1854 Views 0 comment Print

Registrar of Companies imposes a penalty on GENONE Optech Pvt Ltd for delayed filing of e-Form BEN-2 under Section 90 of the Companies Act, 2013.

IBBI Suspends Insolvency Professional for Lack of Due Diligence

September 20, 2024 1413 Views 0 comment Print

IBBI issues disciplinary order to Insolvency Professional Mr. Pramod Kumar Sharma for contraventions during Corporate Insolvency Resolution Process.

Personal Details of Public Servants Exempt from Disclosure Under RTI if Not in Public Interest

September 19, 2024 933 Views 0 comment Print

Jitender Kumar Jain’s RTI appeal for details on a show cause notice was dismissed as personal information, with no larger public interest demonstrated.

Company failed to address auditors’ remarks in Directors’ Report: MCA imposes Penalty

September 19, 2024 774 Views 0 comment Print

 Registrar of Companies penalizes Ummid Mutual Benefit Nidhi Ltd. for non-compliance with Section 134(3)(f) of the Companies Act regarding auditors’ comments.

Non reporting of changes in directorship: MCA imposes Penalty

September 19, 2024 537 Views 0 comment Print

Registrar of Companies imposes penalties on Ummid Mutual Benefit Nidhi Ltd. and its directors for not reporting changes in directorship under Section 134(3)(q) of the Companies Act.

Penalty Imposed on Ummid Mutual for Failure to file Form MGT-14

September 19, 2024 708 Views 0 comment Print

Registrar of Companies penalized Ummid Mutual Nidhi Limited for failing to file Form MGT-14 from FY 2018 to 2020. Total penalty imposed: ₹9.48 lakh.

No interest on investment under National Savings Scheme Rules, 1987 & 1992

September 18, 2024 2124 Views 0 comment Print

Amendments to National Savings Scheme rules will end interest accrual on balances from October 2024. New guidelines circulated by the Department of Posts.

RTI Act Limited to Existing Information, Not extends to Creation of New Data or Interpretations

September 18, 2024 549 Views 0 comment Print

The First Appellate Authority of IBBI disposes of RTI appeal concerning the status of a grievance, clarifying its stance on available information under the RTI Act.

RTI Act does not obligate public authorities to provide opinions or advice

September 18, 2024 735 Views 0 comment Print

Anubhav Choudhary’s RTI appeal for information on operational creditors was dismissed, as the queries exceeded the scope of the RTI Act’s provisions.

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