Rulings
HC: Sacks auditor’s membership for false certification of financials & accounts’ inflation
HC: Debars CA’s membership for 5 yrs for issuing false certificate for Company’s listing
HC: Auditor guilty of negligence, membership sacked for a year
NCLT: Appoints independent Co. Secretary as ‘Director’ to resolve impasse over sale of Co. property
NCLT: rules on “calling” vs. “requisition” of EGM; Meeting at Board’s behest stands ‘adjourned’ when quorum inadequate
NCLT: Rejects second arbitration application, absent changed circumstances; Written arguments cannot be ground for fresh application
NCLT: shows leniency; Reduces fine for bona fide failure to maintain Cost Accounts Records
NCLT: Levies fine of Rs. 50,000/- where prior approval not obtained for related party transactions of Rs. 40,000/-
NCLAT: Dismisses Mistry’s interim injunction pleas but directs NCLT to decide petition maintainability first
NCLT: Allows members register rectification, shares buyback despite SEBI penalising acquirers for disclosure norms violation
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