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What is Kurunji Nidhi Limited Adjudication Order about?

The Ministry of Corporate Affairs has issued an adjudication order against M/s. Kurunji Nidhi Limited for violating Rule 14(6) of the Companies (Prospectus and Allotment of Securities) Rules, 2014, due to incomplete details in their filings. A penalty of Rs. 20,000 has been imposed on the company and its Managing Director, with directives to rectify the default by filing the necessary documentation within 30 days. Failure to comply may result in further penalties or imprisonment for the responsible officers

Author

vaishalis52

Language

EN