Failure to comply with statutory requirements for financial statements resulted in penalties under Section 134(8). Directors were held personally liable due to lack of response to the show cause notice.
ROC imposed penalty for failure to file mandatory DIR-3 KYC, leading to DIN deactivation. The order reinforces strict compliance with director KYC requirements to avoid maximum penalties.
The adjudicating authority held that non-filing of Form SH-7 violated Section 64 of the Companies Act. Penalties were imposed on the company and the officer in default despite claims of technical issues.
The authority held that undelivered statutory notices prove breach of registered office requirements. The key takeaway is that prolonged defaults can attract the maximum penalty under company law.
The regulator held that provisional enrolment has no legal basis under valuation rules and suspended the organisation for violating mandatory eligibility requirements.
The regulator held that expulsion from a Registered Valuers Organisation breaches eligibility under valuation rules. Continuous RVO membership is mandatory to retain registration.
The adjudicating authority held that failure to disclose related party transactions violated statutory audit duties. The key takeaway is that auditors must strictly comply with AS-18 and SA-550 or face penalties under the Companies Act.
The adjudicating authority held that omission of related party disclosures violated statutory audit obligations. The key takeaway is that auditors must ensure full compliance with AS-18 and SA-550.
The authority held that non-numbering of minutes violates Secretarial Standard-1. The key takeaway is that statutory minute-keeping requirements must be strictly followed.
Registration was cancelled after the valuer ceased to be a member of a Registered Valuers Organisation. Continuous RVO membership is a statutory condition to remain eligible as a registered valuer.
