Stressing that the MCA registry is a public and relied-upon record, the authority imposed penalties for inaccurate disclosures. The ruling underscores strict compliance expectations for statutory e-filings.
The authority held that filing an e-form with wrong particulars constitutes a completed contravention. Later requests to mark the form as defective do not eliminate penalty liability.
An adjudication order confirms penalties for violation of statutory annual return requirements under the Companies Act. The ruling highlights that directors are personally liable when compliance defaults continue unrectified.
An adjudication order confirms personal penalties on officers in default for breach of Section 92 filing obligations. The ruling highlights that directors remain accountable when statutory filings are ignored.
The Registrar imposed penalties for failure to file Form MGT-7 within the prescribed time. The order reiterates strict compliance with annual return filing requirements despite concessional treatment for eligible entities.
The order holds that failure to issue share certificates within the prescribed two-month period attracts penalties under Section 56(6). Subsequent rectification does not erase the original default.
The regulator held that cumulative shareholding changes crossing prescribed limits require prior approval. A warning was issued for non-compliance despite the lapse being termed unintentional.
ROC held that filing an AOC-4 with an incorrect AGM date constitutes a completed default. Subsequent rectification or marking the form as defective does not erase penalty liability.
ROC held that correcting an e-form later does not nullify the original violation. Companies and signatories remain liable for filing inaccurate statutory information.
This case explains that errors in mandatory e-forms, including incorrect AGM details, amount to statutory non-compliance. Both the company and the authorised signatory were penalised under Section 450.
