by Audit Analyst | Sep 17, 2025 | Public Limited Company
1. Monetary Penalties and Fines Non-compliance with SEBI regulations, especially Listing Obligations and Disclosure Requirements (LODR), can attract heavy monetary penalties. Fines may vary based on the nature and gravity of the violation, and can range from ₹1 lakh...
by Audit Analyst | Sep 17, 2025 | Public Limited Company
1. General Rule under Companies Act, 2013 As per Section 47 of the Companies Act, 2013, preference shareholders generally do not have voting rights, except in limited circumstances. This distinguishes them from equity shareholders, who enjoy full voting rights on all...
by Audit Analyst | Sep 17, 2025 | Public Limited Company
1. Remedies under the Companies Act, 2013 The Companies Act, 2013 provides a strong framework to address and penalize fraud in Public Limited Companies: Section 447: Defines fraud and prescribes rigorous imprisonment (up to 10 years) and fine (up to 3 times the amount...
by Audit Analyst | Sep 17, 2025 | Public Limited Company
1. Understanding Dormant Status under the Companies Act, 2013 A dormant company is one that has been inactive or not carrying on significant business or operations for the last two years. Companies may apply for this status voluntarily or be marked dormant by the...
by Audit Analyst | Sep 17, 2025 | Public Limited Company
1. Yes, But with Limitations A Public Limited Company can hold physical shares of other companies, especially unlisted or private companies whose shares are not dematerialized. However, for listed companies, shares must be held in dematerialized form, as per SEBI...
