Authorities held that filing incorrect statutory forms attracts penalty even if later correction is sought. The ruling reinforces that rectification does not erase liability for defective filings under company law.
The ROC penalized the company for filing incorrect AGM details in AOC-4 despite claiming it was inadvertent. The ruling confirms that even minor errors in statutory filings attract penalties.
The ROC penalized the company for reporting the wrong AGM date in two statutory filings. The ruling confirms that even inadvertent errors in multiple forms attract cumulative penalties.
ICAI Board holds CA not guilty in bribery case, finds no proof of knowledge or intent; mere receipt of packet without mens rea not misconduct, proceedings closed under Rule 15(2).
The issue involved allegations of assisting in bogus accounting entries. The ruling held that without certification or statutory role, the CA cannot be held liable for misconduct.
The authority held that securities cannot be allotted before dematerialising directors’ shareholding. A penalty was imposed despite subsequent rectification.
The authority penalized the company for issuing shares below the valuer-determined price, even though the shortfall was later recovered with interest. Rectification did not absolve the initial violation.
Delay in filing return of allotment under Section 42 resulted in penalties. However, reduced penalties were granted due to startup status under Section 446B.
The authority penalized premature utilization of funds raised through private placement in violation of Section 42(4). The ruling highlights that funds cannot be used before allotment and filing compliance requirements.
The case involved issuing a private placement offer before filing the required resolution. It was held that such non-compliance attracts penalties despite subsequent filings.
