The ROC Gwalior penalized a company for undertaking integrated poultry farming without altering its main object clause. Though later rectified, the violation of Sections 13 and 10 attracted penalty under Section 450.
The IBBI Disciplinary Committee held that continued operation of a CIRP bank account after commencement of liquidation violates Sections 34 and 36 of the Code. The professional’s registration was suspended for two years for unauthorised transactions post-liquidation.
The Disciplinary Committee held that reconstituting the Committee of Creditors without authority and filing contradictory affidavits misled the Adjudicating Authority. The IP’s registration has been suspended for three years.
ROC Ahmedabad imposed penalties after finding prolonged non-compliance with mandatory Independent Director requirements. The ruling underscores that delay in board composition compliance attracts adjudication under Section 454.
The ROC Mumbai imposed a ₹10,000 penalty under Section 450 after an incorrect AGM date was mentioned in Form AOC-4. The order clarifies that authorized signatories are liable for inaccuracies in digitally signed e-forms, even if errors are inadvertent.
A mismatch in paid-up capital disclosure in the annual return led to penalty proceedings under Section 454. The decision emphasizes that compliance failures in MCA filings, even if unintentional, invite statutory penalties.
A company was penalized for incorrectly selecting its OPC/Small Company status in Form AOC-4. The adjudicating authority clarified that MCA records are statutory public documents and inaccuracies attract liability despite claims of clerical error. Rectification does not nullify the offence.
ROC Pune imposed a penalty after a typographical error led to incorrect AGM details in Form MGT-7A. Although the AGM was duly held, incorrect filing attracted liability under Section 450. The director was fined ₹5,000 considering the company’s small status.
The adjudicating officer found that holding multiple DINs contravened Section 155 of the Companies Act. Despite the director’s claim of inadvertence and voluntary surrender, a reduced penalty of 50% of the maximum was levied.
The Disciplinary Committee held that the IRP accepted assignment and issued a public announcement without holding a valid Authorisation for Assignment. A six-month suspension was imposed, with mitigating factors noted.
