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Penalty imposed by ROC for not maintaining Registered Office – Section 12

June 30, 2023 2760 Views 0 comment Print

Understand the penalty imposed by ROC for not maintaining a registered office under Section 12 of the Companies Act, 2013. Explore the case of Glonix Electronics, the adjudication order, and the consequences of non-compliance. Expert insights by CS Kanchan Gupta.

MCA imposes Penalty for not providing documents to Independent Directors

June 30, 2023 732 Views 0 comment Print

Read the adjudication order issued by the Ministry of Corporate Affairs (MCA) imposing penalties on Madhyam Agrivet Industries Limited for violating Section 173 of the Companies Act, 2013. The order highlights the company’s failure to provide relevant documents to independent directors and the resulting penalty. Find out the details of the case and the penalty imposed by the MCA.

Penalty Imposed by MCA for Non-Serially Numbered Minutes of Meetings

June 30, 2023 18915 Views 0 comment Print

Discover the details of the adjudication order issued by the Ministry of Corporate Affairs (MCA) against Tech Spanner Info Pvt Ltd. The order imposes a penalty on the company for their failure to serially number the minutes of their meetings, as required by the Companies Act, 2013. This article provides an analysis of the case, […]

MCA Penalizes Delayed MGT-14 & Form PAS-3 Filing in Private Placement

June 30, 2023 16422 Views 0 comment Print

Private placement- Separate Bank Account not opened, Delay in FIling MGT-14 & Form PAS-3 – MCA imposes penalty – The order discusses the violations committed by the company, the appointment of the adjudicating officer, facts about the case, and the factors considered while imposing penalties. Analysis: The adjudication order reveals that Cookiejar Technologies Private Limited failed […]

Penalty Imposed by MCA for Failure to Paginate and Sign Minute Book Pages

June 30, 2023 4344 Views 0 comment Print

Read the adjudication order issued by the Office of the Registrar of Companies, Maharashtra, Pune, where penalties have been imposed on Madhyam Agrivet Industries Limited for not paginating and signing blank pages in their minute book. Understand the provisions violated and the penalties levied under the Companies Act.

Revised Small Savings Schemes Interest Rates for July-September 2023

June 30, 2023 17301 Views 0 comment Print

Govt revised interest rates for various Small Savings Schemes for the second quarter of the financial year 2023-24, effective from July 1st to September 30th, 2023. This article provides an analysis of the revised rates, highlighting the changes for each scheme. Stay informed about the latest interest rates for Small Savings Schemes in India.

Non-Compliance Penalty: Rs. 25 Lakh for Non-Appointment of Company Secretary

June 28, 2023 5169 Views 0 comment Print

Learn about the Rs. 25 Lakh penalty imposed by the Government of India on a private company for non-appointment of a Company Secretary in accordance with the Companies Act, 2013.

Audit Lapses: NFRA imposes Rs. 60 Lakh Penalty on CA & Audit Firm

June 28, 2023 17868 Views 0 comment Print

Comprehensive analysis of audit lapses leading to significant NFRA-imposed penalty on CA Devang Dalal and M H Dalal & Associates, setting a precedent in corporate financial accountability.

INC-20A Filed with 220 Days Delay but No Penalty Imposed

June 28, 2023 1548 Views 0 comment Print

Unraveling the details of MCA Order No. 1589, where Squareroot Data Centers Private Limited escapes penalty despite a 220-day delay in filing INC-20A.

Nomination & Remuneration Committee not constituted – MCA imposes Penalty

June 27, 2023 7413 Views 0 comment Print

MCA imposed a penalty on PTC India Financial Services Limited for violation of Section 178 of Companies Act, 2013. Company failed to constitute Nomination & Remuneration Committee (NRC), resulting in penalties.

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