MCA imposes penalties on Draeger India Private Limited for violation of Section 118(2) of Companies Act, 2013 as company incorrectly mentioned in its meeting minutes that audited financial statements were adopted by members
The company failed to hold its 3rd board meeting within the prescribed time frame, with a delay of 45 days. The penalties imposed are as follows: Rs. 54,000 on the company, Rs. 50,000 on Mr. Kamal Bali (Managing Director), and Rs. 50,000 on Ms. Alka Mishra (Company Secretary).
Ministry of Corporate Affairs (MCA) in India has issued an adjudication order imposing penalties on auditors for their failure to comply with the provisions of Section 143 of the Companies Act, 2013. The penalties are imposed on the auditors of Strong Infracon Private Limited for non-disclosure of various key financial information in the company’s audit reports.
Ministry of Finance introduced ‘Vivad se Vishwas II (Contractual Disputes)’ scheme to settle pending contractual disputes. The scheme applies to disputes involving the Government of India, autonomous bodies, public sector banks, public sector financial institutions, central public sector enterprises, and certain other organizations. The settlement amount is determined based on the type of dispute, and […]
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued an order regarding the display of QR codes in promotions and advertisements related to real estate projects registered with MahaRERA. The order states that promoters are required to prominently display a QR code on all project promotions or advertisements published after August 1, 2023. The QR […]
Company was required to file a copy of the resolution in e-form MGT-14 within 60 days i.e. by 31.08.2021. However, the e-form MGT-14 was filed by the company only on 20.04.2022 vide SRN 796533765 with a delay of 231 days.
The DC notes that it is recorded in the minutes of 15th CoC meeting held on 22.04.2022 that “RP further informed that complete records of Corporate Debtor is not available prior to year 2015 as EOW has seized some records vide Memo dated 10.12.2015. RP approached to the EOW office New Delhi for releasing the records […]
Govt advises retailers that mobile number of the consumers should not be taken without their express consent at the time of sale of any goods or services and, providing the same should not be made a mandatory pre-condition for sale. Government of India, has addressed a growing issue of retail stores mandating consumers to provide […]
Registrar of Companies, Karnataka issued an order of adjudication of penalty against Toyota Tsusho Systems India Private Limited for violating Section 135 of the Companies Act, 2013. The company failed to comply with the provisions regarding Corporate Social Responsibility (CSR) expenditure within the specified timelines. The penalty has been imposed based on the violation, and […]
The Ministry of Corporate Affairs has imposed a penalty on Granite River Labs Technologies Private Limited for violating Section 12(3)(c) of the Companies Act, 2013. The company failed to include its Corporate Identity Number (CIN) on its letterhead, which is required by law. The penalty amounts to one thousand rupees per day of non-compliance, totaling […]
