Non-filing of annual returns led to maximum penalties on the company and directors. The key takeaway is that Section 92 compliance is mandatory and strictly enforced.
Failure to report resignation and appointment of directors led to penalties under company law. The key takeaway is that Board Reports must fully disclose changes in management.
Directors were penalised for failing to provide mandatory disclosures in EOGM notices. The key takeaway is that full explanatory statements are essential for valid shareholder approval.
The order holds that utilisation of private placement money before allotment and filing of returns violates Section 42, attracting substantial penalties despite financial hardship claims.
The adjudicating authority held that delay in filing return of allotment attracts penalty under Section 42, but relief under Section 446B applies where the entity qualifies as a small company.
Unsigned financial statements uploaded with statutory filings were held non-compliant. Liability was fixed on the certifying director under the Companies Act.
The issue addressed is funding public health and national security through a targeted levy. The Act introduces a capacity-based cess on manufacturing machines and processes, starting with pan masala.
IRDAI penalized a health insurer Rs. 1 crore for failing to provide clear claim details, ombudsman information, and proper documentation in cashless settlements, highlighting the importance of transparent policyholder communication.
The ROC held that depositing interim dividend in a current account instead of a separate account violates section 123(4). Monetary penalties were imposed despite subsequent compliance.
The authority ruled that absence of a loan does not waive compliance obligations. Failure to intimate satisfaction of charge attracted mandatory penalties.
