Two day workshop chaired by Secretary to the Government of India, Ministry of Corporate Affairs took place at Indian Institute of Corporate Affairs, Manesar on the 2-3 of March, 2023.
In the workshop, a review of the ‘Court Cases’ and ‘Prosecution matters’ took place and the performance of all ROCs and Regional Directors was evaluated by Additional Secretary and DG Corporate Affairs.Emphasis was laid upon to take all the cases of Inquiry, Inspection and Investigation to the logical conclusion.
These cases pertain to violation of different sections of Companies Act, 1956 and Companies Act, 2013. The end result after such conclusive exercise is either conviction by the lower court if a prosecution is filed for an offence or a penalty imposed by ROC through the adjudication process.
The review of the prosecution matters began with the Northern Region and the region was represented by ROC NCT of Delhi & Haryana, Mr Pranay Chaturvedi. ROC Jammu Kashmir was represented by Mr Haamid Bukhari and he apprised the top officials about the status of different cases for which the prosecution has been filed either in the Courts of CJMs or in specialised courts of Additional Sessions Judges, Anti Corruption.
Most of these matters pertain to the cases, the basis of which is either the Investigation or Inquiry already completed.
Followed by the Northern Region, one by one, review of all the offices and regions was done.
It is pertinent to mention that of-late, ROCs have started taking swift actions against the white color crimes, defaulting companies for non compliances with the laws and regulations.
In this process, worth mentioning is the penalty imposed by ROC Offices located at Jammu and Srinagar against some big companies and the cumulative penalty amount is more than 50-60 Lakhs for violation of secretarial compliances.
