https://www.taxtmi.com/notifications?id=128505 Amendment centralises appointment of adjudicating officers not below Registrar and requires written show-cause notices specifying alleged non-compliance, relevant penal provisions and maximum penalty. Replies must be filed electronically, with limited extension for sufficient cause; officers may summon witnesses, compel documents, require physical appearance or allow oral representation, and may pass orders after hearing or in the absence of non-appearing persons with reasons. Penalty quantum must account for company size, business nature, public injury, repetition, disproportionate gain and investor or creditor loss; fixed statutory penalties apply where provided. Penalties payable via MCA portal and credited to the Consolidated Fund of India. en-us Tue, 19 Feb 2019 00:00:00 +0530 Fri, 22 Feb 2019 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128505 Amendment centralises appointment of adjudicating officers not below Registrar and requires written show-cause notices specifying alleged non-compliance, relevant penal provisions and maximum penalty. Replies must be filed electronically, with limited extension for sufficient cause; officers may summon witnesses, compel documents, require physical appearance or allow oral representation, and may pass orders after hearing or in the absence of non-appearing persons with reasons. Penalty quantum must account for company size, business nature, public injury, repetition, disproportionate gain and investor or creditor loss; fixed statutory penalties apply where provided. Penalties payable via MCA portal and credited to the Consolidated Fund of India. Notifications Companies Law Tue, 19 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128505