J&K: ROC Calls For Actions ; High Penalties

SRINAGAR, Nov 16: Chairing a meeting through Video Conferencing on the disposal of complaints, ROC Srinagar Haamid Bukhari gave directions for prioritising the complaints and asked for strict action against unincorporated entities that disguise themselves as private limited or limited companies. “Highest amount of penalty to be imposed against such corporate entities and matters if needed, be referred to other enforcement agencies for further probe”, ROC Ordered. 
Also during the discussion, propped up the matter of defaulting companies who have failed in making secretarial compliances. Directions were passed to issue show cause notices (SCN) to all such companies who have failed in making appointments of Company Secretaries on their boards and penalties as high as 05 Lakh can be imposed on such companies and their Directors for non compliances. 
A separate stocktake meeting is being called next week on the completed inquiries, Inspections and on the prosecutions filed in different Courts. Similarly the matters of Liquidation will also be separately discussed.



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