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Failure to Comply with Section 90 Significant Beneficial Owner provisions: MCA Imposes Penalty

June 12, 2024 1326 Views 0 comment Print

Learn about MCA’s penalty on Samsung SDI India for failing to comply with Section 90 provisions of the Companies Act, 2013. Details, analysis, and implications here.

First Auditor not required to obtain NOC from Other Auditor: ICAI DC

June 12, 2024 1035 Views 0 comment Print

Explore the detailed analysis of a professional misconduct case under the Chartered Accountants Act 1949. Learn about findings, charges, proceedings, and final conclusions.

ICAI Finds Auditor Not Guilty: Audit Acceptance Communication Validated

June 12, 2024 438 Views 0 comment Print

Explore the ICAI Board of Discipline’s ruling on an audit dispute where the respondent’s communication via registered post was deemed sufficient, leading to a ‘Not Guilty’ verdict.

Falsified financial statement Preparation: ICAI found Member guilty of misconduct

June 12, 2024 426 Views 0 comment Print

The ICAI’s Board of Discipline reprimanded CA Devarajan K.E. for misconduct, following an investigation into professional and other misconduct.

MCA Imposes Rs. 4 Lakh Penalty for non-maintenance of Registered office

June 11, 2024 360 Views 0 comment Print

Read about the penalty imposed by MCA on MEGASYS HEALTHCARE LIMITED for violating Section 12(1) of the Companies Act, 2013 by not maintaining its registered office.

IBBI order on Unreasonable Expenditure on Charter Planes & Non-Preservation of Records by IP

June 7, 2024 405 Views 0 comment Print

Explore the detailed analysis of Mahender Kumar Khandelwal’s case by the Insolvency and Bankruptcy Board of India Disciplinary Committee, covering alleged contraventions, submissions, and findings.

Shares allotted in Physical mode instead of DEMAT: MCA imposes ₹31.83 Lakh Penalty

June 7, 2024 558 Views 0 comment Print

Learn about the penalty of Rs. 31.83 Lakh imposed by the MCA for issuing shares in physical mode instead of DEMAT mode in the Biogenomics case.

IBBI Suspends IP for Non-Compliance with NCLAT Directive and Delayed CoC Meetings during CIRP

June 6, 2024 231 Views 0 comment Print

IBBI suspends IP for Failure to act during CIRP despite NCLAT directive and for Delay in convening Committee of Creditors (CoC) meetings.

Quality Control Orders for 4 different types of Woven Sacks

June 4, 2024 288 Views 0 comment Print

Explore the latest amendments to textile orders for packaging fertilizers and cement. Stay informed on quality control regulations for woven sacks.

Violation of Companies Act Section 42(7): MCA imposes Rs. 1.48 Crore Penalty

June 3, 2024 1188 Views 0 comment Print

Learn about the penalty imposed by the Ministry of Corporate Affairs for violating Section 42(7) of the Companies Act, amounting to 1.48 crores, on Yotta Agro Ventures Private Limited and its directors.

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