The Registrar held that failure to display the exact registered office address on the company signboard violates Section 12 of the Companies Act. Even after rectification, penalties were upheld for the period during which the default continued.
The company admitted procedural non-compliance in disclosures linked to securities issuance and sought adjudication voluntarily. Despite the absence of mala fide intent, penalties were imposed for violation of capital-raising rules.
The order underscores that MCA records are public and relied upon by stakeholders, making precision in filings non-negotiable. Any incorrect particulars can invite penalties on both the company and the signatory.
The ROC ruled that filing an annual return with wrong AGM dates violates statutory obligations. Subsequent requests to mark the form defective do not nullify penalty liability.
The order deals with failure to attach a registered valuer’s report while filing PAS-3 for debenture allotment. It confirms that such procedural lapses attract penalties under company law.
The ROC held that failure to attach a registered valuer’s report with Form PAS-3 violates Section 39 of the Companies Act. Even a procedural lapse attracts penalty, though relief may apply to eligible startups.
The authority noted refusal to respond to the show cause notice and unwillingness to continue practice. Cancellation followed due to failure to meet eligibility conditions.
The dispute focused on the statutory requirement of active RVO membership for registered valuers. The Authority reaffirmed that non-compliance with RVO bye-laws and expulsion result in immediate loss of registration rights.
The authority held that non-filing of Form MGT-14 for approval of accounts attracts penalty under section 117(2). Continued default led to penalties on both company and directors.
The authority held that failure to file DIR-3 KYC violates Rule 12A and attracts penalty under section 450. DIN deactivation does not absolve ongoing compliance responsibility.
