https://www.taxtmi.com/article/detailed?id=5695 The Companies Act regime permits the Central Government to appoint adjudicating officers with specified jurisdiction to issue show cause notices, conduct reasoned inquiries with powers to summon witnesses and compel documents, and impose penalties on companies and officers in default. Adjudicating officers must consider factors such as disproportionate gain, investor or creditor loss, and repetition of defaults; issue dated, signed orders communicated to parties and the Central Government; and credit penalties to the Consolidated Fund. Aggrieved persons may appeal to the Regional Director under prescribed filing, scrutiny, rectification, reply and hearing procedures. en-us Mon, 30 Jun 2014 11:26:39 +0530 Mon, 30 Jun 2014 11:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5695 The Companies Act regime permits the Central Government to appoint adjudicating officers with specified jurisdiction to issue show cause notices, conduct reasoned inquiries with powers to summon witnesses and compel documents, and impose penalties on companies and officers in default. Adjudicating officers must consider factors such as disproportionate gain, investor or creditor loss, and repetition of defaults; issue dated, signed orders communicated to parties and the Central Government; and credit penalties to the Consolidated Fund. Aggrieved persons may appeal to the Regional Director under prescribed filing, scrutiny, rectification, reply and hearing procedures. Articles Corporate Laws / IBC / SEBI Mon, 30 Jun 2014 11:26:39 +0530 https://www.taxtmi.com/article/detailed?id=5695