Non-Maintenance of Registered Office: MCA imposes Penalty of Rs. 4L, Directors to Pay from Personal Income [Read Order]
The Ministry of Corporate Affairs ( MCA ) levied a fine of Rs. 4 lakhs on companies and their directors for failure to maintain a registered office....
MCA slaps Penalty on Company and Directors for Non-Consecutive Page Numbering in Minutes Book [Read Order]
The Registrar of Companies (RoC) for Punjab and Chandigarh has slapped a penalty on M/s Bestow Finishing School Private Limited and its directors for infringing Section 118(1) of the Companies Act,...
Non Recognition of Interest Cost on Borrowings as Non-Performing Assets Amounts to Gross Violation of Professional Misconduct: NFRA Imposes 1 Lakh Fine on CA
The National Financial Reporting Authority (NFRA) has held that non-recognition of interest cost on borrowings as non-performing assets amounts to a gross violation of professional misconduct and...
Name of Company cannot be Struck off when Company has Substantial movables as well as Immovable Assets: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that the name of the company cannot be struck off when the company has substantial movables as well as immovable assets. Bharat Goyal,...
