The Madhya Pradesh High Court held that where a party obtains a certified copy of an arbitral award, limitation for an application under Section 34 of the Arbitration and…
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27/10/20266 min read1
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MCA Imposes ₹2 Lakh Penalty on Company’s Auditor for Non-Filing of ADT-3
Update / Judgement Date
06 Feb 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
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Corporate ComplianceAuditing and Assurance
The MCA imposed a penalty on a company's auditor for non-filing of ADT-1. This action highlights the importance of timely compliance with regulatory requirements by auditors. The auditor's failure to file the required form led to penalties, emphasizing the need for adherence to statutory deadlines. The MCA's decision underscores the importance of maintaining proper records and complying with corporate governance norms. This case serves as a reminder for auditors to ensure timely compliance with regulatory requirements.
