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IBBI Suspends IP for Mishandling Unclaimed CD Units in Resolution Plan

April 30, 2024 942 Views 0 comment Print

Dive into the detailed analysis of the IBBI Disciplinary Committee’s Order regarding the alleged contraventions by Mr. Ajit Gyanchand Jain, an Insolvency Professional.

Penalty of Rs. 2 Lakh Imposed on CA Firm for Non-filing of e-Form ADT-3

April 30, 2024 11121 Views 0 comment Print

The MCA imposes a Rs. 2 lakh penalty on Arasu & Arunachalam CA Firm for non-filing of e-form ADT-3 for resignation. Learn about the adjudication order and its implications.

Enhancement of gratuity on account of Dearness Allowance rising by 50%

April 30, 2024 5502 Views 0 comment Print

Learn about the enhancement of gratuity by EPFO due to a 50% increase in Dearness Allowance for Central Government Employees, impacting retirement benefits.

Section 134: Penalty for Failure to Disclose Board Meeting Details in Director’s Report

April 30, 2024 939 Views 0 comment Print

Explore the adjudication order under Section 134(3)(b) of the Companies Act, 2013 for Janaki Ram Steel & Power Pvt Ltd. Understand the violations, penalties, and final decision by the Adjudicating Officer.

Audit Committee Non-Constitution (Section 177): MCA Imposes whopping ₹39 Lakh Penalty

April 30, 2024 5109 Views 0 comment Print

MCA imposes penalties on Best & Crompton Engineering Projects Ltd. for failing to constitute an Audit Committee from FY 2014-15 to 2019-20. Learn more here.

Failure to State Liability & Capital Clause In MOA: MCA Imposes Penalty

April 30, 2024 792 Views 0 comment Print

Explore the adjudication order by Registrar of Companies, Chennai, on Bluemax Capital Solutions Pvt Ltd under Section 4(1)(d) of Companies Act, 2013. Details, penalties, and compliance requirements.

Workplace Sexual Harassment Disclosure Omission: MCA Imposes ₹4 Lakh Penalty

April 30, 2024 4527 Views 0 comment Print

The ROC Chennai imposes a penalty on Janaki Ram Steel & Power Ltd. for non-compliance with Section 134 of the Companies Act, 2013. Read the detailed adjudication order.

MCA Imposes Rs. 13.5 Lakh Penalty for Non-Disclosure in Directors’ Report

April 30, 2024 1461 Views 0 comment Print

Bluemax Capital Solution Private Limited fined Rs. 13.5 Lakh by MCA for not disclosing company’s affairs in the Director’s Report for FY 2015-18. Detailed adjudication inside.

Failure to Constitute Remuneration & Nomination Committee: MCA Imposes ₹39 Lakh Penalty

April 30, 2024 3804 Views 0 comment Print

Under Section 178(1) of the Companies Act, 2013, MCA penalizes Best & Crompton Engineering Projects Ltd ₹39 lakh for not forming the Nomination and Remuneration Committee.

Default in spending or Transfer of CSR Amount: MCA imposes Penalty

April 30, 2024 2328 Views 0 comment Print

Learn about penalties imposed by MCA under Companies Act 2013 for non-compliance with CSR spending regulations. Detailed analysis and implications discussed.

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