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Nidhi Company Penalised for failure to file board resolutions approving annual accounts

December 31, 2025 372 Views 0 comment Print

Non-filing of mandatory board resolutions approving accounts led to monetary penalties. The order reiterates that approval of accounts must be promptly reported to the regulator.

MCA Kanpur imposes ₹5 Lakh Penalty for Non-Filing of MGT-14 Resolution

December 31, 2025 522 Views 0 comment Print

ROC imposed the highest penalty for failure to file MGT-14 approving financial statements. The order reiterates strict enforcement of section 117 timelines.

MCA Kanpur imposes ₹3.5 Lakh Penalty for Failure to File Board Resolution

December 31, 2025 420 Views 0 comment Print

Non-filing of mandatory MGT-14 for approval of accounts resulted in statutory penalties. The order reinforces strict compliance with board resolution filing requirements.

MCA Kanpur imposes ₹5.5 Lakh Penalty for Non-Filing of Board Resolution

December 31, 2025 276 Views 0 comment Print

The ROC imposed the highest permissible penalty for not filing MGT-14 on approval of accounts. The order reiterates that continued non-compliance with section 117 invites strict financial consequences.

Delay in Appointing Woman Director Attracts Statutory Penalty: ROC Chennai 

December 31, 2025 444 Views 0 comment Print

A company crossing the ₹300 crore turnover threshold was penalised for delayed appointment of a woman director. The ruling reiterates that late compliance does not erase liability under the Companies Act.

Small Savings Schemes Interest Rates for January–March 2026

December 31, 2025 7464 Views 0 comment Print

The government has decided to keep small savings interest rates unchanged for January–March 2026. The move ensures stability and predictability for investors relying on these schemes.

Delayed Retraction Backfires: ICAI Finds CA Guilty in Bogus Donation Tax Evasion Scheme

December 30, 2025 1656 Views 0 comment Print

The case involved alleged facilitation of tax evasion through fake political donations. The Board held that failure to timely retract an incriminating statement and lack of evidence led to a finding of misconduct.

Admission Seals Fate: ICAI Reprimands CA in Bogus Political Donation Scam

December 30, 2025 342 Views 0 comment Print

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.

Penalty for Failure to Serve Annual Report on Shareholders

December 29, 2025 384 Views 0 comment Print

The Registrar held that not serving annual reports within the prescribed time violates statutory disclosure obligations. Informal or oral practices cannot replace mandatory compliance.

GSTAT Benches Allotted to Ensure Nationwide GST Appellate Functioning

December 26, 2025 4056 Views 0 comment Print

Issue: Requirement of clear bench postings for tribunal operations. Ruling: Ministry issues comprehensive posting order. Appeals under GST receive institutional and administrative backing.

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