The authority penalized prolonged non-compliance with mandatory appointment requirements under Section 203. Despite later rectification, penalties were imposed, emphasizing strict adherence to statutory timelines.
ROC Pune penalized a company and its directors for failure to file commencement of business declaration within the prescribed period under Section 10A. The delay occurred after the foreign subscriber could not remit share capital due to SWIFT KYC issues.
The adjudicating authority penalized an individual for possessing dual DINs. The order reinforces strict compliance with DIN-related provisions under company law.
The authority penalized the company for conducting only one Board meeting instead of the required four in a year. It held that non-compliance with Section 173(1) attracts penalty under Section 450.
Holds that failure to appoint a whole-time Company Secretary within the statutory timeline attracts penalty under section 203(5). The key takeaway is that delays, even if due to transition issues, do not excuse non-compliance.
The case addressed non-filing of financial statements under Section 137(3). The authority ruled no penalty since compliance was validly undertaken by the Resolution Professional during CIRP.
The case involved non-filing of annual return under Section 92(5). The authority held that filing through GNL-2 by the RP during CIRP constituted valid compliance, resulting in no penalty.
The issue was whether IBBI must provide data held by a regulated entity. The Authority held that RTI applies only to information held or controlled by the public authority, leading to rejection of the appeal.
The appeal found that the RTI response was delayed beyond statutory timelines. The key takeaway is that delay breaches RTI provisions and limited disclosure may still be required.
The issue was whether an RVO could grant conditional enrolment to an unqualified applicant. The authority held that such enrolment violates valuation rules. The key takeaway is that only fully eligible candidates can be admitted.
