The company failed to comply with statutory charge registration requirements under the Companies Act, 2013, attracting financial penalties on officers in default.
ROC Delhi penalised the company and officers for submitting FY 2022-23 financials without the Company Secretary’s signature, highlighting Section 134 compliance requirements and corporate governance obligations.
ROC Chennai imposed reduced penalties after a company failed to disclose PAN and email IDs of allottees in a private placement return. The order holds the lapse a Rule 14(6) violation punishable under Section 450, with relief granted under Section 446B.
ROC Chennai imposed penalties after a company failed to disclose PAN of allottees in a private placement return. The ruling confirms that omissions under Rule 14(6) attract Section 450 penalties, even for voluntary reporting.
The IBBI suspends an insolvency professional for one year for incorrect claim verification and improper CoC constitution, leading to unnecessary CIRP costs.
Valuer suspended for six months due to failure in properly valuing financial and intangible assets during CIRP and liquidation, with inadequate due diligence cited by IBBI.
A valuer was suspended for three months by IBBI due to alleged non-inclusion of intangibles and disputed asset valuations during the CIRP of a corporate debtor.
A registered valuer was suspended for three months by IBBI for failing to adequately value key financial assets and trade receivables during a corporate liquidation, highlighting the need for due diligence.
The company and officers were penalized for errors in PAS-3 e-form filing during loan-to-equity conversion, highlighting the importance of accurate procedural compliance under the Companies Act.
The CBIC extends the validity of its 2023 valuation order for J3 grade stainless steel, ensuring continuity in customs value declaration until November 2026.
