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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Roc Hyderabad Imposes Rs. 40,000 Penalty On Sai Silks (Kalamandir) Limited And Directors For Non-Disclosure Of Asset In Rs. 50.94 Million Impairment Loss
Corporate Law & GovernanceFinancial Management
The Registrar of Companies (ROC) Hyderabad has imposed a penalty of Rs 40,000 on Sai Silks Kalamandir Limited for failing to disclose an impairment loss of Rs 5,094 million. The penalty underscores the importance of accurate financial reporting and compliance with disclosure norms. This action highlights the ROC's role in ensuring that companies adhere to transparency and accountability standards in their financial statements.
