The order clarifies that procedural violations in private placement cannot be excused merely because the company was a start-up. Strict compliance with Section 42 remains mandatory.
It was ruled that failure to file PAS-3 within 15 days attracts per-day penalties, reinforcing strict adherence to private placement disclosure timelines.
The appeal was dismissed as no documentary evidence of internal auditor appointment was produced. The key takeaway is that statutory claims must be backed by records.
The ROC imposed penalties for non-registration of a secured loan charge despite disclosure in financial statements. The key takeaway is that charge registration is mandatory, irrespective of loan size or later repayment.
The ROC imposed penalties after official communications were returned undelivered. The key takeaway is that a functional registered office is a mandatory statutory requirement.
GSTAT revoked the staggered filing requirement after reassessing portal capacity. Appeals can now be filed freely without phase-wise restrictions from 18 December 2025.
The ROC penalised a company for commencing operations without a valid declaration of commencement. The key takeaway is that business cannot begin before complying with Section 10A requirements.
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.
