A delay of nearly eight years in meeting independent director and Audit Committee requirements resulted in fines totaling ₹6 lakh. The judgment reinforces the personal liability of officers for ongoing statutory defaults.
ROC Gwalior imposed penalties on a company and officers for using funds from a preferential issue before filing Form PAS-3. The ruling underscores compliance with Section 42(4) of the Companies Act.
ROC Ahmedabad levied penalties on a company and its Managing Director for delayed compliance with Section 149(4) and Section 172. The ruling emphasizes timely appointment of independent directors.
The MCA held the company and Managing Director liable for delayed appointment of a Company Secretary. The ruling reinforces personal liability of officers in default under Section 203(5).
Non-compliance with audit trail requirements led to penalties on both the company and its Managing Director. This ruling highlights personal liability of officers and the importance of updated software for statutory compliance.
The IBBI appellate authority ruled that DHFL insolvency compliance reports are confidential commercial information. Disclosure was limited, as records were not maintained in a segregated format.
Authority held that information sought had already been addressed in a prior appellate order and advised applicant to pursue appropriate remedies. key takeaway is that RTI appeals cannot reopen matters already adjudicated.
The ROC penalised a company for issuing bonus shares without completing mandatory dematerialisation. The order highlights strict enforcement of Section 29 and Rule 9A compliance requirements.
The ROC penalised the company and officers for failing to dematerialise securities before issuing bonus shares, as required under Section 29 and Rule 9A. The ruling reinforces mandatory demat compliance for unlisted public companies.
Jayurance Healthcare and its officers were penalized under Section 12(8) of the Companies Act for non-compliance, emphasizing accountability and timely statutory adherence.
