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Delay in Passing special Resolution – Section 62(3) Violation: MCA Imposes Penalty

August 14, 2024 567 Views 0 comment Print

MCA levied penalties under Section 62(3) of the Companies Act, 2013, for a delay in passing a special resolution. The company and directors were fined for the violation.

Company Caried on business not mentioned in MOA: MCA imposes Penalty

August 14, 2024 570 Views 0 comment Print

Registrar of Companies penalizes Paramount Dye Tec Limited for not disclosing trading activity in its MOA, violating Section 4(1)(c) of the Companies Act, 2013.

IBBI DC Disposes of SCN Against IP, Advises Re-examination Post SC Decision

August 14, 2024 225 Views 0 comment Print

The IBBI Disciplinary Committee disposes of SCN against Insolvency Professional Brijendra Kumar Mishra, advising re-examination after the Supreme Court’s decision.

Delayed Form SH-7 filing for preference share redemption: MCA imposes Penalty

August 14, 2024 597 Views 0 comment Print

Steelsmith Continental Manufacturing Pvt Ltd faces penalties for late filing of E-form SH-7 under Section 64 of the Companies Act, 2013.

Default in Nomination & Remuneration Committee Constitution: MCA Imposes Penalty

August 13, 2024 201 Views 0 comment Print

MCA imposes penalty on Uma Polymers Ltd. and its directors for failing to comply with Nomination and Remuneration Committee requirements under the Companies Act.

Significant Beneficial Owner Rules Violation: MCA imposes Penalty

August 13, 2024 324 Views 0 comment Print

MBL Infrastructure Ltd. faces scrutiny under Section 90 of the Companies Act for non-compliance. Details on adjudicating officer’s findings and company’s responses.

Non-filing of e-form INC-22 within prescribed time: MCA imposes Penalty

August 13, 2024 207 Views 0 comment Print

Nalam Mahalir Nidhi Ltd. fined ₹4 lakh for failing to file e-form INC-22. Penalty details and appeal process outlined by Coimbatore ROC.

Penalty Imposed for Violation of Section 10A of Companies Act

August 13, 2024 435 Views 0 comment Print

The Ministry of Corporate Affairs has imposed a penalty on Methini Spintex Private Limited and its directors for violating Section 10A of the Companies Act, 2013.

Penalty Imposed for Non-Compliance with Section 12 of Companies Act

August 13, 2024 399 Views 0 comment Print

NALAM MAHALIR NIDHI LIMITED fined for violating Section 12 of the Companies Act, 2013. Total penalty of ₹4,00,000 imposed on the company and its directors.

IBBI suspends IP for negligence and failure in handling claims under CIRP

August 12, 2024 213 Views 0 comment Print

IBBI disciplinary order finds Mr. Vijendra Kumar Jain guilty of negligence and failure in handling claims under CIRP, with implications for insolvency process management.

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