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Non-disclosure of Interest by Directors in First Board Meeting: MCA imposes Penalty

May 3, 2024 2094 Views 0 comment Print

MCA imposes penalty under Section 454 for violation of Section 184(1) of the Companies Act, 2013, due to directors’ non-disclosure of interest in first board meeting.

IBBI Suspends IP for Negligence in Asset Custody, Legal Pursuits & CD Interests Protection

May 2, 2024 1005 Views 0 comment Print

IBBI suspends IP for failure to take custody of assets, negligence in pursuing legal actions, and delays in protecting the interests of the Corporate Debtor (CD).

Violation of section 90(1),90(2) & 90(4A) of Companies Act, 2013: MCA Imposes ₹12 Lakh Penalty

May 2, 2024 1281 Views 0 comment Print

Learn about penalties imposed by the Ministry of Corporate Affairs on Green Planet Energy for violations of Companies Act, 2013. Detailed analysis included.

MCA Imposes Penalty for AGM Delay, SS-2 & Section 118(1) Violation

May 1, 2024 2463 Views 0 comment Print

Delay in Holding of AGM, Violation of para 2.1 of Secretarial Standard-2 (SS-2) read with Section 118(1) of Companies Act, 2013: MCA Imposes Penalty

Failure to Maintain Register of Directors & KMPs: MCA Imposes ₹7 Lakh Penalty

April 30, 2024 3669 Views 0 comment Print

Read about MCA’s penalty of Rs. 7 lakh on Best & Crompton Engineering Projects for not keeping Register of Directors & KMPs as per Companies Act, 2013.

Public limited Company fined ₹7 Lakh for Not Appointing Independent Directors

April 30, 2024 1107 Views 0 comment Print

The MCA penalizes Best & Crompton Engineering Projects Limited Rs. 7 lakh for failing to appoint independent directors as required under Section 149(4) of the Companies Act, 2013.

Non-passing of Special Resolution before raising loan: MCA Imposes Penalty

April 30, 2024 1110 Views 0 comment Print

Penalty imposed on Singodwala Warehousing for non-compliance with Section 62(3) of Companies Act. Fine details and appeal process outlined by ROC Jaipur.

IBBI Suspends IP for Mishandling Unclaimed CD Units in Resolution Plan

April 30, 2024 1020 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 11238 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 5544 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.

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