Snippets

ROC imposed penalties for delay in filing MGT-14 beyond 30 days. The ruling stresses strict compliance with statutory filing timelines. The post ROC imposed penalties for delay in filing MGT-14 appear

ROC imposed significant penalties for failing to constitute mandatory committees on time. The ruling makes it clear that delayed compliance does not excuse violations. Companies must adhere strictly t

The issue involved failure to appoint independent directors within the prescribed timeline. The authority held that delay constituted a violation, leading to penalties on the company and its officers.

The issue involved omission of Director Identification Numbers in financial statements. The authority held that such non-compliance attracts penalty under Section 172. The post ROC Patna Imposed Penal

The issue involved failure to disclose Director Identification Numbers in financial statements. The authority held that such omission violates Section 158 and attracts penalty. The post ROC Penalizes

The issue involved non-appointment of an internal auditor despite meeting turnover criteria. The authority held that failure to comply attracts penalty under Section 450. The post Penalty Imposed for

The authority penalized directors for executing related party transactions without fresh or valid approvals. It held that reliance on outdated resolutions violates Section 188. The ruling stresses str

The authority penalized the company for failing to transfer unspent CSR funds within the statutory deadline. It held that delayed compliance still attracts penalties. The ruling emphasizes strict time

The Tribunal held that transfer pricing adjustment cannot survive without a final assessment order post-DRP directions. Repeating such addition in a Section 263 order was held invalid. The post Missed

The Tribunal upheld contravention but reduced penalties due to lack of justification for maximum fines. It emphasized proportionality in penalty determination. Key takeaway: penalty must be reasoned a