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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Informative
MCA Penalizes Company and Directors for Non-Compliance with Section 29(1)(b) of Companies Act
Corporate ComplianceCorporate Law & Governance
MCA (Ministry of Corporate Affairs) has penalized a company and its directors for non-compliance with Section 134(5) of the Companies Act. Section 134(5) relates to the Directors' Responsibility Statement, which is part of the Board's report. The penalty indicates the MCA's strict enforcement of corporate compliance requirements and the responsibilities of directors in ensuring accurate financial reporting.
