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MCA levied Rs. 10 Lakh Penalty for delay in appointment of whole-time CS

April 12, 2023 762 Views 0 comment Print

Menzies Aviation Bobba (Bangalore) Private Limited failed to appoint a whole-time company secretary (CS) within the prescribed time frame, resulting in a violation of Section 203 of the Companies Act, 2013 for a period of 730 days. The managing director, Mr. Bobba Veerasamynathan, has been held liable for the violation. The order imposes a penalty […]

NFRA imposes penalty of Rs 1 crore on Auditors

April 12, 2023 60552 Views 0 comment Print

NFRA’s investigations inter-alia revealed that CDGL’s Auditors for FY 2018-19 failed to meet relevant requirements of Standards on Auditing and provisions of Companies Act 2013 and also demonstrated a serious lack of competence. 

Company failed to dematerialize shares before transferring – MCA imposes Peanlty

April 11, 2023 1935 Views 1 comment Print

The company, registered under the jurisdiction of RoC Karnataka, failed to dematerialize securities before transferring them, in violation of Rule 9A(3)(a) of the Companies (Prospectus and Allotment of Securities) Rules 2014. The penalties of Rs. 10,000 each have been imposed on the company and its directors, Anil Prem Dsouza and Hansa Sharma. 

Customs Waiver of Interest from 11th April, 2023 to 13th April, 2023

April 11, 2023 2637 Views 0 comment Print

CBIC waives whole of interest payable under sub-section (2) of section 47 of the said Act, for the period from 11th April, 2023 upto and including the 13th April, 2023, in respect of such goods, where the payment of import duty is to be made from the amount available in electronic cash ledger.

MCA Imposes Penalty for Delayed Filing of Form INC-20A

April 11, 2023 29280 Views 0 comment Print

As per Rule 23A of the Companies (Incorporation) Rules, 2014, the declaration under section 10A by a director shall be in Form No. INC-20A and shall be filed as provided in the Companies (Registration Offices and Fees) Rules, 2014 and the contents of the said form shall be verified by a company secretary or a […]

Company not constituted Nomination & Remuneration committee – MCA imposes 7 Lakh Penalty

April 11, 2023 8580 Views 0 comment Print

Resonance Eduventures Limited, its MD & CEO, and CS face a penalty of 7 Lakhs imposed by Ministry of Corporate Affairs for not constituting Nomination and Remuneration Committee as required by Companies Act, 2013.”

Audit committee not constituted- MCA Imposes 7 Lakh Penalty

April 11, 2023 12927 Views 0 comment Print

Resonance Eduventures Ltd faces a 7 lakh penalty from MCA for not constituting an audit committee, violating Section 177 of Companies Act 2013. Details here.

Non-constitution of audit committee- MCS imposes 7 Lakh Penalty

April 11, 2023 4614 Views 0 comment Print

Registrar of Companies in Rajasthan penalizes Resonance Eduventures for not constituting an audit committee, imposing a 7 Lakh penalty.

MCA Imposes 5 Lakh Penalty for Non-Appointment of Independent Directors

April 11, 2023 6495 Views 0 comment Print

Discover penalty imposed by MCA on Resonance Eduventures Limited for failing to appoint independent directors, as per Companies Act 2013. Learn about violation, penalties, and implications.

Clearance of import consignments where duty payment is not reflected in ICES

April 6, 2023 7506 Views 0 comment Print

Grievances from trade received that after payment of duty the same is not being reflected in ICES and Out of Charge (OOC) is not getting effected by the ICES.

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