Penalty for Non-Appointment CS – matter is returned back to Registrar of Companies advising to re-examine the issues in totality and pass fresh order by taking the above facts into consideration before passing adjudication order and imposing penalty on the Company and its defaulting officers.
Order imposes on the EP, CA Pankaj Kumar a monetary penalty of 300,000/- (Rupees Three Lakhs); and debars him for 3 (Three) years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate.
The Audit lapses identified as a result of examination of the Audit File, related material on record and the personal hearing conducted, have been cetegorized into major lapses and other lapses
Lapses relate to the EP’s failure to identify and report material mistatements in the financial statements, standard of audit work performed falling way below the mandatory standards prescribed under the Act and required of an auditor of a PIE.
IBBI has perused the contraventions alleged in the SCN and the reply of the RV on the SCN. It is observed that the RV has neither countered the allegations made in the SCN nor provided any justification as to how his valuation report is in compliance with the applicable provisions of Valuation Rules. A valuation […]
IBBI warns RV to be cautious & transparent while conducting valuation under IBC, 2016 & Companies (Registered Valuers and Valuation) Rules, 2017
Competent Authority has granted an extension for mandatory seeding of Aadhaar for filing of ECR up to 31.03.2024 in respect of the certain class of establishments
Registered office of company as notified with Registrar is not capable of receiving and acknowledging all communications and notices. Hence, it appears that provisions of Section 12 of Companies Act, 2013 has been contravened by company
duty and interest has been paid within 3 days (including holidays) from the date of removal of such system inability at the Common Portal, which shall be certified by the DG Systems;
Penalty imposed by MCA on B&M PROPMART PRIVATE LIMITED for violating Section 10A of Companies Act, 2013 i.e. for Failure to File Declaration of Commencement of Business
