The case involved a professional admitting involvement in a scheme facilitating fake donations for tax benefits. The Board relied on the admission and supporting evidence to hold misconduct.
The Registrar held that not serving annual reports within the prescribed time violates statutory disclosure obligations. Informal or oral practices cannot replace mandatory compliance.
Issue: Requirement of clear bench postings for tribunal operations. Ruling: Ministry issues comprehensive posting order. Appeals under GST receive institutional and administrative backing.
The regulator held that payouts labelled as awareness and marketing were actually unauthorised commissions. Insurers must ensure transparency, approvals, and proper classification of such expenses.
The ROC held that issuing offer letters and using funds before statutory filings amounts to a substantive violation of Section 42, attracting penalties under Section 42(10).
The ROC held that issuing offers and allotting shares in breach of Rule 14 amounts to substantive violations of Section 42, attracting penalties under Section 42(10).
The authority held that the requirement of four board meetings applies per financial year, not calendar year. Even a one-time shortfall attracts penalties under Section 450.
The adjudicating authority penalised delayed transfer of unspent CSR amounts beyond the statutory timeline. The ruling underscores strict enforcement of CSR fund transfer obligations.
The adjudicating authority held that filing the declaration of commencement beyond 180 days violates Section 10A. The key takeaway is that delayed INC-20A filings attract statutory penalties regardless of intent.
The adjudicating authority penalised prolonged non-filing of Form MGT-14 despite claims of inadvertence. The key takeaway is that statutory timelines for board resolutions are mandatory, and excessive delays invite maximum penalties.
