Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Delay In Issuing Equity Share Certificates: RoC Imposes Rs. 75,000 Penalty On T. Forrest & Sons
Corporate ComplianceCorporate Law & Governance
The article discusses the penalty imposed by ROC on T. Forrest & Sons for delayed issuance of equity share certificates. The penalty of Rs. 75,000 was levied under Section 117(2) of the Companies Act, 2013, for non-compliance with statutory obligations. ROC emphasized timely compliance to maintain corporate governance standards and transparency in shareholder dealings. Such penalties underscore the importance of adhering to regulatory timelines in corporate compliance.
