ROC Vijayawada imposed a penalty on the statutory auditor for not qualifying the report on uncharged depreciation, highlighting accountability under Section 143(3) of the Companies Act.
The ROC held that misstating the number of board meetings violates Section 134(3)(b), leading to penalties on the company and directors even when the error is clerical.
Naturedge Beverages issued a private placement offer before filing the Board resolution, resulting in penalties totaling ₹4,00,000 for the company and directors.
This order highlights penalties for failing to keep private placement application money in a separate bank account. It clarifies that both the company and directors are collectively liable under Section 42(10).
ROC Mumbai penalizes a company and its directors ₹1,00,000 each for failing to maintain a registered office under Section 12(1) of the Companies Act, 2013.
Justo Realfintech Limited and its directors fined for failing to keep application money in a separate bank account under Section 42(6) of the Companies Act.
ROC Mumbai penalizes Pan Gulf Technologies and its MD for failing to attach the annual CSR report with the Board Report for FY 2022-23 under Section 134(3)(o).
The company voluntarily disclosed non-compliance with private placement fund rules, but penalties were still imposed. The judgment shows that proactive disclosure does not eliminate liability under Section 42(10) of the Companies Act.
All TDS deductions under Sections 194A, 194H, 194EE, and 194N will now be recorded at CPRC, streamlining reporting and compliance.
ROC Mumbai imposed penalties on a company and its officer for not including the Annual CSR Report in the Board Report for FY 2021-22. The ruling emphasizes strict compliance with Section 134(3)(o).
