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.
IRDAI flagged a life insurer for allowing executive management to fix statutory auditor fees, risking conflict of interest. Corrective action was implemented and a warning issued.
ROC Kolkata penalized company directors for exceeding the permissible gap between board meetings under Section 173(1) of the Companies Act, emphasizing strict adherence to statutory timelines.
The ROC levied penalties after finding that mandatory company details were omitted from MGT-9 and financial statements. The order highlights that even inadvertent filing gaps attract liability under Section 12(8).
