ROCs of India

#Auditors have raised serious concerns about the financial and operational health of #Chinese smartphone brands #Oppo and #Realme in India. These issues were revealed in recent filings with the Registrar of Companies (RoC), as reported by The Economic Times. Oppo India was flagged for having a negative net worth of ₹3,551 crore due to past business losses. The company also has a poor debt-equity ratio and significant borrowings, including ₹1,668 crore from its Hong Kong parent and ₹414 crore from #HSBC. The auditors questioned Oppo’s ability to continue as a going concern due to ongoing litigations and regulatory scrutiny. Despite this, Oppo claimed it was profitable in FY24 and can manage short-term cash flow issues with parent company support. However, equity infusion could be delayed due to FDI rules (Press Note 3). Realme India, meanwhile, was criticized for procedural lapses and poor record-keeping, raising doubts about the accuracy of its financial statements for FY24. These revelations come amid broader investigations into Chinese smartphone companies for alleged customs duty violations, tax evasion, and money laundering. भारतीय इकाइयों को लेकर चीनी स्मार्टफोन कंपनियों Oppo और Realme के ऑडिटरों ने गंभीर वित्तीय और संचालन से जुड़ी चिंताएं जाहिर की हैं। ये खुलासे इकोनॉमिक टाइम्स की रिपोर्ट के अनुसार रजिस्ट्रार ऑफ कंपनीज़ (RoC) में हालिया फाइलिंग्स में हुए हैं। Oppo इंडिया की नेट वर्थ ₹3,551 करोड़ की ऋणात्मक (नेगेटिव) पाई गई, जो बीते वर्षों के व्यावसायिक घाटों के कारण है। कंपनी पर भारी कर्ज है, जिसमें ₹1,668 करोड़ हांगकांग स्थित पेरेंट कंपनी से और ₹414 करोड़ HSBC बैंक से लिया गया है। कई कानूनी मामलों और नियामकीय जांच के चलते कंपनी की भविष्य की स्थिरता पर सवाल उठे हैं। हालांकि, Oppo का दावा है कि FY24 में वह लाभ में रही और नकदी की समस्याएं पेरेंट कंपनी से सहायता लेकर हल की जा सकती हैं। लेकिन FDI नियमों (प्रेस नोट 3) के चलते फंडिंग में देरी हो सकती है। Realme इंडिया को ऑडिटरों ने प्रक्रियात्मक खामियों और रिकॉर्ड-कीपिंग में कमजोरियों के लिए फटकार लगाई है, जिससे FY24 की वित्तीय जानकारी की सटीकता पर सवाल उठे हैं। ये खुलासे ऐसे समय में हुए हैं जब चीनी मोबाइल कंपनियों के खिलाफ सीमा शुल्क चोरी, आयकर अनियमितताओं और मनी लॉन्ड्रिंग के मामलों की जांच चल रही है।

"Auditors of the India units of Chinese smartphone manufacturers Oppo and Realme have flagged multiple concerns regarding their bookkeeping, processes, and incomplete records, according to Registrar of Companies (RoC) filings earlier this month" Read more at: economictimes.indiatimes.com/industry/servi…

Corporate Affairs Ministry replaced existing form and notifies new Form GNL-1 for filing an application with Registrar of Companies [Pursuant to the rule 12(2) of the Companies (Registration Offices and Fees) Rules, 2014]. Here is notification . egazette.gov.in/(S(3gzp2ecxlv2…

RoC Kolkata penalizes S. Basu ₹2,64,500 for holding a duplicate DIN (violation of Sec 155, Companies Act). Second DIN obtained inadvertently during MCAV3 implementation. Penalty for 429-day default. #DIN #RoC #Penalty #CompaniesAct taxguru.in/company-law/pe…

MCA amends CRA-2 & CRA-4 forms: Introduces fields for appointment nature, auditor consent, and AGM extension details

MCA amends MGT-7, MGT-7A and MGT-15 e-forms; adds fields for shareholder breakup, Registered Office photo & AGM FY details MCA has notified Companies (Management and Administration) Amendment Rules, 2025, revising Forms MGT-7, MGT-7A, and MGT-15, effective 14th July 2025.

MCA has amended Companies (Registration Offices and Fees) Amendment Rules, 2025. MCA has substituted Form GNL-1 with new version. Now, in Form GNL-1, details relating to period of default, reasons leading to default, whether default was made good, ..... 1/2 tweet @taxmannindia

MCA started issuing Rules for new V3 forms. First of the lot, new GNL-1 form will be introduced wef July 14, 2025 on V3. Copy of Notification amending the same can be accessed at mca.gov.in/bin/dms/getdoc… #CSTwitter

CSR Non-Compliance: ROC #Pune Imposes ₹5.03 Lakh Penalty on Clairvoyant India indiacsr.in/csr-non-compli…

The following companies were penalized for non-compliance with Section 12 of the Companies Act, 2013: 𝐂𝐇𝐄𝐄𝐓𝐀 𝐌𝐔𝐋𝐓𝐈𝐓𝐑𝐀𝐃𝐄 𝐏𝐕𝐓 𝐋𝐓𝐃 Penalty: ₹3,00,000 By: RoC Mumbai Details here - lnkd.in/du8gtFxF 𝐉𝐒𝐊𝐀𝐆𝐑𝐈 𝐍𝐈𝐃𝐇𝐈 𝐋𝐈𝐌𝐈𝐓𝐄𝐃 Penalty: ₹48,000 By: RoC Ernakulam Details here - lnkd.in/dbYukh72 𝐓𝐑𝐔𝐓𝐇𝐈𝐆𝐇 𝐅𝐈𝐍𝐓𝐄𝐂𝐇 𝐏𝐑𝐈𝐕𝐀𝐓𝐄 𝐋𝐈𝐌𝐈𝐓𝐄𝐃 Penalty: ₹3,00,000 By: RoC Mumbai Details here - lnkd.in/dEAhk4pu Common Violation: All these companies failed to comply with Section 12 of the Companies Act, 2013. #Compliance #CompaniesAct2013 #ICAI #ICSI #CharteredAccountants #Companysecretaries #legal #startups #sharktank #sharktankindia

₹10.50 LAKH FINE IMPOSED FOR NON_AVAILABILITY OF REGISTER OF CHARGES CRSPL | Business Consultants ☎️ +91-8800018027 | +91-8800018023 📧 info@crspl.in | mail.crspl@gmail.com 🌐 crspl.in #crspl #thecrspl #businessconsultant #roc #kanpur #section85 #companiesact

ROC CHANDIGARH IMPOSED FINE OF ₹1,36,800/- FOR NON-FILING OF MGT-7. CRSPL | Business Consultants ☎️ +91-8800018027 | +91-8800018023 📧 info@crspl.in | mail.crspl@gmail.com 🌐 crspl.in #crspl #thecrspl #roc #chandigarh #section92 #companiesact #mgt7

ROC CHANDIGARH IMPOSED FINE OF ₹8,36,500/- FOR NON-FILING FINANCIAL STATEMENTS. CRSPL | Business Consultants ☎️ +91-8800018027 | +91-8800018023 📧 info@crspl.in | mail.crspl@gmail.com 🌐 crspl.in #crspl #thecrspl #roc #section137 #companiesact #rocchandigarh

ROC CHANDIGARH IMPOSED A PENALTY OF RS 1.50 LAKH CRSPL | Business Consultants ☎️ +91-8800018027 | +91-8800018023 📧 info@crspl.in | mail.crspl@gmail.com 🌐 crspl.in #crspl #thecrspl #businessconsulting #roc #chandigarh #companiesact #punjab #caselaws #section12

The Registrar of Companies (ROC) Chandigarh has imposed penalties totaling ₹29,00,000 on BCL Homes Limited and its directors for non-compliance with various sections of the Companies Act, 2013. The penalties were imposed under various adjudicated orders dated January 8, 2025. The penalties were imposed for non-compliance with several sections, including: 1) Section 149: ₹3,00,000 on the company and ₹1,00,000 each on its four directors for non-appointment of an Independent Director. 2) Section 179(3): ₹2,00,000 on the company and ₹50,000 each on its three directors for non-compliance with the provision related to the Approval of Financial Statements and Board Report. 3) Sections 177 and 178: ₹5,00,000 on the company and ₹1,00,000 on each of its three directors for non-compliance with the provisions related to the constitution of Audit Committee and Nomination and Remuneration Committee. 4) Section 180(1)(c): ₹2,00,000 on the company and ₹50,000 on each of its three directors for non-compliance with the provision related to borrowing powers. 5) Section 117: ₹2,00,000 on the company and ₹50,000 each on its three directors for non-compliance with the provision related to filing of special resolutions and other resolution in Form MGT-14. 6) Section 29: ₹2,00,000 on the company and ₹50,000 on each of its three directors for not dematerializing its shares in as per the provision of Section 29(1)(b) read with Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules. This highlights the importance of compliance with the Companies Act, 2013, and the consequences of non-compliance.👆🏻

Action by ROC Delhi 🚨

STOCK IN FOCUS: SOLAR IND The Registrar of Companies, Mumbai, Ministry of Corporate Affairs approves the change of name of the wholly-owned subsidiary from “Economic Explosives Limited” to “Solar Defence and Aerospace Limited” effective from February 17, 2025. #SolarInd #Subsidiary #NameChange #Defence #Aerospace #StockMarket

NHPC Update On Merger The Ministry of Corporate Affairs approved the amalgamation of Lanco Teesta Hydro Power Ltd. with NHPC Ltd., effective 27.01.2025. The merger was filed with the Registrar of Companies on this date, completing the process.

📊 𝗦𝗔𝗦𝗧𝗔𝗦𝗨𝗡𝗗𝗔𝗥 𝗩𝗘𝗡𝗧𝗨𝗥𝗘𝗦 𝗟𝗜𝗠𝗜𝗧𝗘𝗗 | #SASTASUNDR 📌 𝗜𝗡𝗦𝗜𝗚𝗛𝗧: Sastasundar Healthbuddy Ltd.'s (SHBL) former and current Managing Directors received a ₹200,000 penalty from the Registrar of Companies, West Bengal, for alleged violation of Section 184 of the Companies Act, 2013, during FY 2019-20. The penalty has no impact on Sastasundar Ventures' financials or operations. An appeal is being considered. 𝗦𝗢𝗨𝗥𝗖𝗘: wegro.app/X6M94a Try wegro.app for 𝗙𝗥𝗘𝗘 to get ⚡️ AI-Powered updates of your stocks on WhatsApp! 👉 wegro.app/go 𝘕𝘰𝘵𝘦: This is an AI-generated summary. #Wegro #InvestSmart #Stocks #MarketNews

Did you know, that even minor procedural oversight leads to financial and possible reputational costs? The Registrar of Companies (ROC) penalized Macquarie Group Management (India) Pvt. Ltd. for violating Section 62(2) of the Companies Act, 2013.