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Tamilnad Mercantile Bank Penalized for 182-Day Delay in Board Meeting Minutes

September 18, 2025 1221 Views 0 comment Print

MCA imposed penalties on Tamilnad Mercantile Bank and its officers for violating Section 118 of the Companies Act, 2013 by finalizing board meeting minutes 182 days late. The ruling underscores the importance of timely compliance in corporate governance.

MCA Issues Penalty for Continued Registered Office Non-Compliance

September 18, 2025 510 Views 0 comment Print

Directors and the company were fined for continued default in maintaining a registered office, highlighting the consequences of ignoring Section 12 requirements under the Companies Act, 2013.

Directors Penalized for Missing Disclosures in Annual Board Report

September 17, 2025 780 Views 0 comment Print

ROC Mumbai fines Maxwell Life Science for failing to disclose mandatory details in its Board Report, violating the Companies Act, 2013.

ROC Clarifies Limits of Section 178 Adjudication for Directors

September 17, 2025 1059 Views 0 comment Print

Officers and company directors are not liable for penalties under Section 178(8) for defaults occurring before 21 December 2020, reinforcing decriminalization provisions.

Directors Fined for failing to disclose statutory information in Director Report

September 17, 2025 897 Views 0 comment Print

ROC Mumbai imposes penalties on Maxwell Life Science Limited and its directors for failing to include mandatory disclosures in the company’s Board Report.

CBDT Amends e-Appeals Scheme Scope for Income Tax

September 17, 2025 1950 Views 0 comment Print

The CBDT issued an order amending the scope of the e-Appeals Scheme 2023. It now covers appeals filed before October 1, 2020, against assessment orders with a disputed demand exceeding Rs.25 lakhs.

Penalty Imposed for Delay Between Consecutive Board Meetings

September 17, 2025 573 Views 0 comment Print

ROC Mumbai fines Radiant Life Care Private Limited and its director for a 42-day delay between two board meetings, violating the Companies Act, 2013.

No Obligation to Collate Data from IRP Under RTI: IBBI

September 16, 2025 339 Views 0 comment Print

IBBI First Appellate Authority denies RTI for Ajnara project data, citing Supreme Court ruling that public bodies are not obligated to create new info.

ROC Hyderabad Imposes Penalty for Private Placement Rule Violation

September 16, 2025 1152 Views 0 comment Print

An ROC Hyderabad order imposes a penalty on Chiraharit Limited and its directors for violating Section 42(6) of the Companies Act, 2013, by not opening a separate bank account for a preferential issue.

ROC Mumbai Imposes ₹4 Lakh Penalty for Non-Disclosure in Board Report

September 16, 2025 1539 Views 0 comment Print

The Registrar of Companies, Mumbai, has issued a penalty against Maxwell Life Science and its directors for failing to include mandatory disclosures in their Board Report for FY 2021-22.

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