News

The Corporate Laws (Amendment) Bill, 2026, proposes a three-year ban on outgoing statutory auditors and audit firms from providing non-audit services.

Corporate Laws (Amendment) Bill, 2026: New 3-Year Cooling-Off Rule for Auditors Sparks Industry Concern

Judgement

Penalty imposed on company and directors for extending rights issue period beyond legal limit under Companies Act

ROC levies Penalty for Extending Right Issue offer Beyond Allowed Time Limit of 30 Days

An Appeal was filed by a company for the violation on the basis of incorrect professional advice under Form GNL-2 . Then the ROC Hyderabad held the company and its director  liable for the penalty under section 454(7) of the Companies Act, 2013.

RD Deletes penalty of 80Lakhs on holding that company maintained share application money in designated separate bank account

Company shares being transferred without permission. The Court said the Auditor wasn’t directly responsible and gave him bail, but he must cooperate with the investigation.

Telangana High Court grants anticipatory bail to Chartered Accountant accused in alleged fraudulent share transfer

An appeal filed by Indu Packaging (Daman) Limited and its directors against a penalty imposed by the ROC Goa for failing to mention the Corporate Identification Number (CIN) on company letterheads used in statutory filings. The Regional Director (RD) Mumbai modified the original order, ruling that the omission was an event-based default rather than a continuous offence.

RD Mumbai deletes penalty for Missing CIN on Letterheads [Read Order]

The company failed to file the mandatory board resolution for approval of its financial statements, leading to regulatory action for non-compliance under the Companies Act, 2013. As a result, penalties were imposed on both the company and its directors, along with directions to rectify the default within the prescribed time.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Corporate Laws (Amendment) Bill, 2026: New 3-Year Cooling-Off Rule for Auditors Sparks Industry Concern

ROC levies Penalty for Extending Right Issue offer Beyond Allowed Time Limit of 30 Days

RD Deletes penalty of 80Lakhs on holding that company maintained share application money in designated separate bank account

Telangana High Court grants anticipatory bail to Chartered Accountant accused in alleged fraudulent share transfer

RD Mumbai deletes penalty for Missing CIN on Letterheads [Read Order]

Nidhi Company penalised for failing to file Form MGT-14 for approval of financial statements