Explore the adjudication order concerning Avanti Leathers Limited under the Companies Act, 2013, addressing penalties for non-compliance with section 203.
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
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.
Under MhaRERA While applying for registration of a real estate project, promoters shall upload a Self-Declaration disclosing Interest in other real estate organizations
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.
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
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 […]
Company is in default for filing its Financial Statements since its incorporation with the office of Registrar of Companies, Patna. Whereas, this office has not received any reply from the company and its directors. Hence, it appears that the provisions of Section 137 of the Companies Act, 2013 has been contravened by the company and its […]
Under FoSCoS, earlier there was no separate Kind of Business (KoB) for Manufacturers of ‘Fish and Fish Products’ and these products were licensed either under ‘General manufacturing’ or ‘Meat processing’ KoB. FSSAI, vide Order number Std/SP-10/(Formaldchyde) dated 16.11.2020 operationalized KoB and hygienic and sanitary practices to be followed by FBOs engaged in handling, processing, manufacturing, […]
Imposition of Rs. 20 Lakh Penalty for Non-Appointment of Company Secretary (CS) Section 203 of the Company Act of 2013, as amended by Rule 8 Companies (Appointment and Remuneration of Managerial Personnel) Rule of 2014, mandates that certain classes of companies must appoint key personnel, including a Managing Director, Chief Executive Officer or Manager, a […]
