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Informative

MCA Replaces Form No. ADJ, Notifies Companies (Adjudication of Penalties) Amendment Rules, 2024

Update / Judgement Date

06 Aug 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & Governance

The Ministry of Corporate Affairs (MCA) notified amendments to the Companies (Adjudication of Penalties) Rules, 224, replacing Form No. ADJ. The new form streamlines the process for adjudicating penalties, making it more efficient and transparent. The amendments aim to improve compliance and governance within corporate entities by ensuring that penalty adjudications are handled systematically and fairly.