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Penalty Imposed for Incorrect AGM Date in MGT-7A Filing Under Companies Act

March 19, 2026 1569 Views 0 comment Print

The ROC penalized the company and its officer for filing incorrect AGM details in a statutory return. It held that accuracy of e-forms is mandatory and errors attract penalty despite later correction.

ROC Imposed Penalty for Failure to File Financial Statements Under Section 137

March 19, 2026 324 Views 0 comment Print

The ROC penalized the company and its directors for not filing financial statements within the prescribed timeline. It held that non-compliance with mandatory filing obligations attracts strict penalties.

Penalty Imposed for Incorrect MGT-7 Filing Despite Clerical Error Admission

March 19, 2026 675 Views 0 comment Print

A company was penalized for filing incorrect details in MGT-7 despite claiming a clerical mistake. The ruling clarifies that errors in statutory filings attract penalties even if later corrected.

IBBI Penalizes Insolvency Professional for Non-Compliance with Tribunal Directions

March 18, 2026 321 Views 0 comment Print

The case involved failure to attend hearings and file an affidavit as directed. The Committee imposed a penalty and warning, emphasizing strict compliance with tribunal orders.

FSSAI Launches Food Recall System on FoSCoS to Improve Monitoring and Transparency

March 18, 2026 507 Views 0 comment Print

The authority introduced a digital system to track and manage food recalls. It enables regulators, businesses, and consumers to access real-time recall information.

CBDT Orders Income Tax Offices to Remain Open on 31 March 2026 Despite Holiday

March 18, 2026 2007 Views 0 comment Print

The board directed offices to function on Mahavir Jayanti. The move ensures completion of financial year-end work without disruption.

FSSAI Clarifies ONDC Compliance Rules Due to Multi-Entity E-commerce Model

March 18, 2026 654 Views 0 comment Print

FSSAI has issued detailed guidelines dividing responsibilities between buyer and seller apps in the ONDC model. The order ensures accountability, food safety, and regulatory compliance in decentralized e-commerce transactions.

Penalty Imposed for Incorrect AOC-4 Filing Due to Certification Lapse

March 17, 2026 270 Views 0 comment Print

ROC imposed a ₹10,000 penalty for incorrect AOC-4 XBRL filing due to errors in attachments and certification. The ruling reinforces strict liability for accuracy in MCA e-forms.

Penalty Imposed for Incorrect AGM Date in MGT-7 Due to Clerical Error

March 17, 2026 261 Views 0 comment Print

The authority penalized the Managing Director for incorrectly reporting the AGM date in MGT-7. It held that even clerical errors violate Rule 8(3), attracting Section 450 where no specific penalty exists.

₹7.4 Lakh Penalty for Delay in Appointing Company Secretary Beyond Deadline

March 17, 2026 270 Views 0 comment Print

ROC imposed heavy penalty for failing to appoint a Company Secretary within six months. The ruling stresses strict adherence to Section 203 timelines.

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