https://www.taxtmi.com/caselaws?id=429634 The Adjudicating Officer appointed by the Ministry of Corporate Affairs found ELANCO INDIA PRIVATE LIMITED in violation of Section 203 of the Companies Act, 2013 for failing to appoint a Whole-time Company Secretary within the specified timeframe. Despite arguments for reduced penalties, the Company and its officers were held liable for fines totaling Rs. 11,38,000. Non-payment within 30 days could result in prosecution under Section 454 of the Companies Act, 2013. The judgment underscored the importance of complying with statutory requirements regarding key managerial personnel and aimed to deter future non-compliance in the corporate sector. en-us Fri, 23 Sep 2022 00:00:00 +0530 Wed, 02 Nov 2022 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429634 The Adjudicating Officer appointed by the Ministry of Corporate Affairs found ELANCO INDIA PRIVATE LIMITED in violation of Section 203 of the Companies Act, 2013 for failing to appoint a Whole-time Company Secretary within the specified timeframe. Despite arguments for reduced penalties, the Company and its officers were held liable for fines totaling Rs. 11,38,000. Non-payment within 30 days could result in prosecution under Section 454 of the Companies Act, 2013. The judgment underscored the importance of complying with statutory requirements regarding key managerial personnel and aimed to deter future non-compliance in the corporate sector. Case-Laws Companies Law Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429634