The authority penalized the managing director for wrongly declaring CSR as not applicable in financial filings. It held that signatories are responsible for accuracy, even in inadvertent errors.
Failure to maintain a functional registered office led to penalties on the company and its directors. The ruling stresses that companies must always ensure accessibility for official communications.
The company argued that exceptional circumstances prevented compliance. The ROC rejected the plea as defaults continued even after directors were acquitted. The ruling highlights that prolonged non-compliance cannot be excused.
The company argued that exceptional circumstances prevented compliance. The ROC rejected this defense as defaults continued even after directors were acquitted. The ruling highlights that temporary hardship does not excuse prolonged non-compliance.
The authority penalized the company for failing to maintain properly numbered minutes. It held that even clerical errors in statutory records attract penalties.
Company held only three Board Meetings in a year, violating statutory norms. Officers were penalized individually for non-compliance with meeting requirements.
The issue involved obtaining more than one DIN in violation of statutory provisions. The authority imposed a reduced penalty, recognizing the error as unintentional and self-reported.
The issue involved duplication of DIN due to ignorance during incorporation. The authority imposed penalty despite voluntary disclosure, reinforcing strict compliance requirements.
Holding more than one DIN violates statutory provisions regardless of intent. The adjudicating authority imposed maximum penalty despite claim of inadvertent error.
The case addresses failure to place a mandatory replacement agenda despite requisite voting share. The ruling emphasizes that statutory obligations under CIRP regulations are non-discretionary and must be strictly followed.
