https://www.taxtmi.com/notifications?id=116604 These Rules provide the statutory procedure for adjudicating penalties under the Companies Act by appointed adjudicating officers: issuance of a written show-cause notice specifying alleged non-compliance, minimum response periods with limited extension, opportunity of hearing, powers to summon persons and documents, and authority to proceed in absence after recording reasons. They require dated signed orders communicated to parties and the Central Government, prescribe factors for fixing penalty quantum (disproportionate gain, loss to investors/creditors, repetitiveness), direct penalty receipts to the Consolidated Fund, and establish an appeal regime to the Regional Director in Form ADJ with prescribed filing, scrutiny and disposal procedures. en-us Fri, 28 Mar 2014 00:00:00 +0530 Tue, 01 Jul 2014 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116604 These Rules provide the statutory procedure for adjudicating penalties under the Companies Act by appointed adjudicating officers: issuance of a written show-cause notice specifying alleged non-compliance, minimum response periods with limited extension, opportunity of hearing, powers to summon persons and documents, and authority to proceed in absence after recording reasons. They require dated signed orders communicated to parties and the Central Government, prescribe factors for fixing penalty quantum (disproportionate gain, loss to investors/creditors, repetitiveness), direct penalty receipts to the Consolidated Fund, and establish an appeal regime to the Regional Director in Form ADJ with prescribed filing, scrutiny and disposal procedures. Notifications Companies Law Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116604