A company and its directors were penalized under Section 90(11) of the Companies Act for failing to issue notices to Significant Beneficial Owners, emphasizing regulatory accountability.
The ROC held that a one-day delay in filing Form PAS-3 violated Section 42(8), attracting penalty under Section 42(9). The company and its directors were collectively fined Rs. 500, apportioned individually.
Naturedge Beverages and its directors were penalized for misstating the number and dates of board meetings in the FY 2022-23 Directors Report.
Naturedge Beverages was penalized for failing to report three board meetings in the Annual Return, highlighting the need for accurate statutory compliance.
Naturedge Beverages and its officers were penalized for errors in board meeting dates in the annual return, emphasizing accurate statutory reporting.
The ROC penalised a company and its officers for keeping a rights issue open beyond the 30-day statutory period. The order reinforces strict compliance with timelines under Section 62(1)(a)(i).
The adjudicating authority penalised a company and its directors for failing to disclose allottees’ PAN in Form PAS-3. The order enforces compliance with Rule 14(6) and Section 450 of the Companies Act, 2013.
The order holds that the company commenced operations before filing the mandatory INC-20A form, constituting a 293-day delay. Penalties were imposed on the company and its officers under Section 10A(2).
The company and its officer were penalized for failing to transfer acquired assets into the company’s name, violating Section 187(4). Penalties were imposed for FY 2020-22.
The ROC Chennai penalized a company and its directors for failing to disclose PAN and email IDs of allottees in Form PAS-3. Reduced penalties were applied considering the company’s small status, with rectification required within 90 days.
