Orders

ROC Ahmedabad has penalised Topsun Energy and its Managing Director for failing to comply with audit trail and disclosure requirements under Section 134 of the Companies Act.

ROC Imposes Penalty on Company and MD for Non-Maintenance of audit trail (edit log) facility

Articles

Under the new rules effective from December 1, 2025, the limits for paid-up capital and turnover have been increased to Rs 10 crore and Rs 100 crore, respectively.

MCA Breaking: Definition of "Small Company" Revised; New Limits Starting December 1

Company Law Committee's 2022 Report does not include any proposal for removing the statutory audit requirement for small companies.

News of Removing Statutory Audit for Companies with Turnover Up to Rs 1 Crore Is Fake: Claims CA

Judgement

The Supreme Court clarified that a defective or misdated affidavit does not render the Section 7 application non est; it is a curable defect.

SC Faults NCLT for Dismissing IBC Plea Without Proper Notice; Affidavit Error Held Curable

For small enterprises with very limited transactions, the audit reports often do not reveal major issues; still, they increase their compliance cost.

MCA May Remove Audit Requirement for Small Companies With Turnover Up to Rs 1 Crore

News

The Ministry of Labour and Employment has released a notification scheduling the enforcement of New Labour Codes for November 21, 2025.

Explore Our Blogs

ROC Imposes Penalty on Company and MD for Non-Maintenance of audit trail (edit log) facility

MCA Breaking: Definition of "Small Company" Revised; New Limits Starting December 1

News of Removing Statutory Audit for Companies with Turnover Up to Rs 1 Crore Is Fake: Claims CA

SC Faults NCLT for Dismissing IBC Plea Without Proper Notice; Affidavit Error Held Curable

MCA May Remove Audit Requirement for Small Companies With Turnover Up to Rs 1 Crore

Centre Notifies Activation of Key Labour Code Provisions from November 21, 2025