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MahaRERA Directs Verification of Commencement Certificates/Occupation Certificates

July 17, 2023 1047 Views 0 comment Print

Maharashtra Real Estate Regulatory Authority (MahaRERA) issues a directive for verification of Commencement Certificates/Occupation Certificates submitted by promoters. Read the latest update and its implications.

Welding Rods & Electrodes Quality Control Order 2023: Compliance & Standards

July 14, 2023 1254 Views 0 comment Print

Stay informed about The Welding Rods and Electrodes Quality Control Order 2023 issued by the Department for Promotion of Industry and Internal Trade. Learn about the compulsory use of standard marks and the certification authority. Ensure compliance with the Indian Standards for welding rods and electrodes.

SEBI: Non-Executive Director Not in Default if Company Has Active MD

July 14, 2023 1467 Views 0 comment Print

In a recent decision, the Securities and Exchange Board of India (SEBI) found Alchemist Holdings Limited and its directors to be in non-compliance with public issue norms, thus initiating proceedings against certain non-executive directors. However, the order clarified that a non-executive director could not be deemed as an ‘officer who is in default’ if the company […]

Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Order, 2023

July 14, 2023 750 Views 0 comment Print

Read about the Insulated Flask, Bottles, and Containers (Quality Control) Order, 2023 issued by the Ministry of Commerce and Industry. The order mandates the compulsory use of standard marks for specified goods, with exemptions for certain enterprises. The Bureau of Indian Standards is designated as the certifying and enforcing authority.

Resin treated compressed wood laminates (Quality Control) Order, 2023

July 14, 2023 576 Views 0 comment Print

Read about the Resin Treated Compressed Wood Laminates (Quality Control) Order, 2023 issued by the Ministry of Commerce and Industry. The order mandates the compulsory use of standard marks for specific goods and articles and designates the Bureau of Indian Standards as the certifying and enforcing authority.

IBBI Cancels Registration of Insolvency Professional for Violation of IBC

July 13, 2023 648 Views 0 comment Print

Reviewing the disciplinary order by IBBI, which led to the cancellation of registration of Mr. Ananda Rao Korada, an Insolvency Professional, for his violations of the Insolvency and Bankruptcy Code, 2016.

MCA Penalizes Rs. 36.25 Lakh for Untransferred 14.50 Lakh Unspent CSR

July 11, 2023 4122 Views 0 comment Print

MCA penalizes M/s Takraf India Pvt. Ltd. and its directors with Rs. 36.25 Lakh for not transferring Rs. 14.50 Lakh of unspent CSR as required by Section 135(6) of Companies Act, 2013.

Dual DIN: MCA Imposes Rs. 5,03,500 Penalty on Violator

July 10, 2023 8091 Views 0 comment Print

Learn about the MCA’s penalty on Thiyagarajan Parthasarathy for acquiring two DINs, a violation of Section 155 of the Companies Act, 2013.

Company Penalized for Not Including Cash Flow Statement in AOC-4

July 10, 2023 6450 Views 0 comment Print

SMP Constructions, penalized by MCA for failing to attach Cash Flow Statement with AOC-4 form. Discover impact, legal provisions and key insights.

IBBI Caution IP: Liquidation Value Discrepancies & Representation Matters

July 6, 2023 591 Views 0 comment Print

ead the Order by the Insolvency and Bankruptcy Board of India (Disciplinary Committee) cautioning an Insolvency Professional regarding liquidation value discrepancies and the need to be careful in representing matters before AA and NCLAT. Disciplinary Committee concludes that if there were factual discrepancies affecting the distribution of the resolution plan, Mr. Pramod Kumar Sharma should have filed an application before the Hon’ble NCLAT for rectification. The Committee advises Mr. Sharma to exercise caution when representing matters before AA and Hon’ble NCLAT.

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