Key Areas of Corporate Prosecutions

Key Areas of Corporate Prosecutions & Defaults as per Ministry of Corporate Affairs

  1. Registered Office 
  2. Prohibition of Acceptance of Deposits
  3. Repayment of Deposits
  4. Non-filing of annual return
  5. Annual general meeting/ non-holding of AGM
  6. Non-furnishing of minutes of meeting
  7. Books of accounts
  8. Non-furnishing of True & Fair values in the financial statements
  9. Non-filing of financial statements
  10. CSR
  11. Duties of auditors/ misleading report by auditor
  12. Non-filing of cost audit reports
  13. Directors holding directorships in more than thresh hold limits
  14. Constitution of Nomination & Remuneration committee
  15. Political contributions
  16. Appointment of KMP
  17. Power to call for information, inspect books and conduct inquiries
  18. Punishment for false statements
  19. Punishment for fraud
  20. Non-payment of adjudication penalty
  21. Dishonest misappropriation and cheating
  22. Illegal allotment of shares
  23. Form and contents of financials
  24. Loans to directors
  25. Inter-corporate loans and deposits