https://www.taxtmi.com/article/detailed?id=11156 The RoC adjudicated that the Nidhi company breached public company compliance by failing to file MGT-14 resolutions, omitting Director Identification Numbers in AOC-4 attachments, and not appointing a whole-time company secretary after its paid-up capital exceeded the statutory threshold. The Authority imposed statutory penalties on the company and on officers-in-default, calculated under the specific and residual penalty provisions for continuing failure, required payment within the stipulated period, and retained appeal rights; failure to pay exposes the company to higher fines and officers to criminal sanctions. en-us Tue, 28 Feb 2023 10:06:32 +0530 Tue, 28 Feb 2023 10:06:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11156 The RoC adjudicated that the Nidhi company breached public company compliance by failing to file MGT-14 resolutions, omitting Director Identification Numbers in AOC-4 attachments, and not appointing a whole-time company secretary after its paid-up capital exceeded the statutory threshold. The Authority imposed statutory penalties on the company and on officers-in-default, calculated under the specific and residual penalty provisions for continuing failure, required payment within the stipulated period, and retained appeal rights; failure to pay exposes the company to higher fines and officers to criminal sanctions. Articles Corporate Laws / IBC / SEBI Tue, 28 Feb 2023 10:06:32 +0530 https://www.taxtmi.com/article/detailed?id=11156