https://www.taxtmi.com/article/detailed?id=10722 The Companies Act empowers Registrars as adjudicating officers to impose penalties following service of a show-cause notice, electronic reply filing, and optional physical hearing; officers may summon persons and documents, must record reasons for procedural choices, and meet prescribed timelines. In fixing penalty quantum, factors include company size, nature of default, repetition, public injury, disproportionate gain and investor loss, subject to statutory minimums or fixed sums. Orders are appealable to the Regional Director and non-compliance can attract prosecution. en-us Wed, 28 Sep 2022 09:32:55 +0530 Wed, 28 Sep 2022 09:32:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10722 The Companies Act empowers Registrars as adjudicating officers to impose penalties following service of a show-cause notice, electronic reply filing, and optional physical hearing; officers may summon persons and documents, must record reasons for procedural choices, and meet prescribed timelines. In fixing penalty quantum, factors include company size, nature of default, repetition, public injury, disproportionate gain and investor loss, subject to statutory minimums or fixed sums. Orders are appealable to the Regional Director and non-compliance can attract prosecution. Articles Corporate Laws / IBC / SEBI Wed, 28 Sep 2022 09:32:55 +0530 https://www.taxtmi.com/article/detailed?id=10722