Snippets

The issue involved non-compliance with statutory requirements for maintaining board meeting minutes. The authority held that procedural lapses still attract penalties under Section 118. The post ROC i

The company delayed appointment of independent directors despite crossing the threshold. The authority held that prolonged non-compliance attracts maximum penalty under the Companies Act. The post Fai

The case involved failure to file mandatory Form MR-1 for appointment of a Whole-Time Director. The authority held that prolonged non-compliance constituted a continuing default and imposed maximum pe

The case involved incorrect filing of director designation in statutory records. The authority held that prolonged failure to rectify the error constituted a continuing default, attracting maximum pen

The company failed to form mandatory board committees for over four years. The authority held that each non-compliance attracts separate penalties. The post Failure to Constitute Audit and NRC Committ

The case examines whether insolvency must be admitted upon default. The Supreme Court held that tribunals have discretion to consider financial health, emphasizing revival over automatic admission The

[Mustafa Rajkotwala works on AI, Strategy and Legal Engineering at NYAI. He is a commercial and technology lawyer based in Mumbai, India.] Artificial Intelligence (AI) is no longer confined to operati