Decoding "Officer in Default" u/s 2(60), Companies Act: Company Secretaries in Trouble?!
In a recent case, the Regional Director has singled out the Company Secretary, holding them solely accountable for the company’s adherence to...
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,...
MCA imposes Penalty of ₹20 Lakhs on Company and its Directors for Non-Appointment of Whole-Time Company Secretary
The company and its directors have been fined Rs. 20 lakhs by the Ministry of Corporate Affairs (MCA) due to their failure to appoint a whole-time secretary. The penalty was imposed as a result of a...
MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]
The Ministry of Corporate Affairs (MCA) has made it compulsory to file all overdue financial statements and annual returns for closure of Companies, announcing new conditions for companies wishing to...
![MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/MCA-Compulsory-filing-overdue-financial-statement-compulsory-filing-of-overdue-financial-statements-and-annual-returns-overdue-financial-statements-and-annual-returns-closure-of-companies-companies.jpg "MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]")
Charge Sanction Form Certified by Chartered Accountant as 'Professional Duty', No Criminal Liability in Bank Fraud Case: Orissa HC [Read Order]
While quashing the criminal proceedings against a Chartered Accountant in a bank fraud case, the Orissa High Court has held that the certification of charge sanction form 17 with the Registrar of...
![Charge Sanction Form Certified by Chartered Accountant as Professional Duty, No Criminal Liability in Bank Fraud Case: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Chartered-Accountant-Professional-Duty-Criminal-Liability-Bank-Fraud-Case-Orissa-HC-taxscan.jpg "Charge Sanction Form Certified by Chartered Accountant as Professional Duty, No Criminal Liability in Bank Fraud Case: Orissa HC [Read Order]")