Articles by CS Divesh Goyal

Whether a person can Surrender DIN - After Strike off of Company

CS Divesh Goyal 28 July 2023 at 14:37

In this article, the author shall discuss a very important question raised by the directors: whether they can surrender their DIN after striking off their Company.

Adjudication Penalty for Late Filing of Financial Statement and Annual Return

CS Divesh Goyal 26 July 2023 at 09:41

According to Section 137(1) (Copy of financial statement to be filed with Registrar) of the Company Act 2013, A copy of the financial statements, including consolidated financial statement duly adopted at the annual general meeting of the company, shall be filed with the Registrar within thirty days of the date of annual general meeting.

Adjudication penalty for non-appointment of Company Secretary

CS Divesh Goyal 21 July 2023 at 14:35

Every corporation must comply with the above provision in order to preserve good governance. Many Companies registered with the MCA (Ministry of Corporate Affairs) do not follow this clause of the Company Act 2013.

Penalty of Rs. 2 lakh on Secretarial Auditor

CS Divesh Goyal 29 May 2023 at 15:11

While conducting the secretarial audit, each secretarial auditor must adhere to the requirements of the 2013 Companies Act. Inspecting is done by the Ministry in accordance with section 206(5) of the 2013 Companies Act.

Adjudication Penalty For Adani Power For Non-Compliance Related Party Transaction

CS Divesh Goyal 26 May 2023 at 12:32

Every company registered under this statute or any other as prescribed is required to disclose related party transactions, under Sections 188 and 189 of the Company Act 2013.

Secretary Auditor penalty for omitting related party information

CS Divesh Goyal 25 May 2023 at 09:39

This is a classic example of a secretarial auditor being penalized by the Registrar of Companies for failing to report material-related party transactions in their secretarial audit report.

Penalty for non-compliance with companies main objective

CS Divesh Goyal 24 May 2023 at 17:42

As stated in Section 4 of the 2013 Companies Act when combined with Section 10. The Act's provisions under section 4(1)(c) state, among other things, that the company's memorandum must list the object for which it is intended to be formed as well as any other information deemed relevant to those purposes.