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Company penalised for not affixing its name & address outside its registered office

January 3, 2023 3471 Views 0 comment Print

Company failed to paint or affix its name and address of its registered office outside its office or place in which its business is being carried upon. Therefore company has not complied with the provisions of section 12(3)(a) of Companies Act, 2013

Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023

December 30, 2022 4170 Views 0 comment Print

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2022-23 (starting from 1st January, 2023 and ending on 31St March, 2023) have been revised

16.50 Lakh penalty imposed on Company & Directors for delay in CS appointment

December 29, 2022 2439 Views 1 comment Print

Company Secretary Ms. Sangeeta resigned from the company w.e.f. 28.01.2021 from the office of whole time company secretary that thereafter company appointed a whole time company secretary Mr. Annu Bhagat on 24.01.2022

Default in Appointment of CS: MCA RD reduces Penalty from Rs. 33.82 Lakh to Rs. 2.08 Lakh

December 29, 2022 399 Views 0 comment Print

Explore the adjudication order concerning Avanti Leathers Limited under the Companies Act, 2013, addressing penalties for non-compliance with section 203.

RD reduces penalty from 64 Lakh to 14 Lakh for default in issue of Compulsorily Convertible Preference Shares

December 28, 2022 1038 Views 0 comment Print

Company has failed to comply with the below mentioned provisions of Section 42 of the Companies Act, 2013 also: (a) Company did not pass any Board Resolution for approval of Private Placement. (b) Company did not circulate the letter of offer to the proposed allottees in PAS-4 or not maintained any records of the offer in PAS-5

MahaRERA: Additional conditions for extension of project

December 27, 2022 10695 Views 0 comment Print

Extension of validity of project registration under MAHARERA would be granted, on promoters complying with the directions issued under Order No. 7 of 2019 dated 08.02.2019.

MahaRERA: Disclosure of Interest in other real estate organizations

December 27, 2022 13392 Views 0 comment Print

Under MhaRERA While applying for registration of a real estate project, promoters shall upload a Self-Declaration disclosing Interest in other real estate organizations

Delay in filing of e-form MGT-14 – MCA imposes penalty on Company & Directors

December 26, 2022 2361 Views 0 comment Print

Company filed e-form MGT-14 for Alternation of Articles of Association by incorporating provisions such as Conversion of Loan into Equity Shares in respect of Shareholders approval of members of company by delay of 45 days.

Default in filing of Annual Return – MCA impose penalty of Rs. 1744200

December 23, 2022 2748 Views 0 comment Print

MCA impose a penalty of Rs. 10,21,800 on Company, and Rs. 361,200 each on the 2 Directors of the company under section 92(5) of the Act for failure in compliance of section 92(4) of the Companies Act, 2013

Company not filed annual return- ROC assumed non conduct of Board meetings- Imposes Penalty

December 23, 2022 7695 Views 0 comment Print

It is observed that the Company has not filed annual return since incorporation, therefore no record is available regarding the number of board meetings taken place. Hence, it is implied that the Company has not conducted the board meetings. Therefore, it appears that the provision of section 173(1) of the Companies Act, 2013 has been […]

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