SRINAGAR: The Indian Institute of Corporate Affairs, Manesar hosted a two-day workshop on March 1-2 that was presided over by the Secretary to the Government of India, Ministry of Corporate Affairs.
The performance of all ROCs and Regional Directors was assessed during the workshop by the Additional Secretary and DG of Corporate Affairs, according to the statement, and a review of the “Court Cases” and “Prosecution issues” was performed.
The focus was put on bringing all Inquiry, Inspection, and Investigation matters to a logical conclusion. These lawsuits involve violations of several provisions of the Companies Act of 1956 and the Companies Act of 2013. If a prosecution is brought for an offence, the outcome of such conclusive exercise is either a punishment imposed by ROC through the adjudication procedure or a conviction by the lower court.
The Northern Region was represented by ROC NCT of Delhi & Haryana’s Pranay Chaturvedi as the evaluation of the prosecution issues started there. Haamid Bukhari, who represented ROC Jammu Kashmir, informed the senior administrators of the status of the various cases for which the prosecution had been brought either in the courts of CJMs or in the specialised courts of Additional Sessions Judges, Anti Corruption.
Most of these concerns pertain to cases that have already been the subject of an investigation or inquiry. All the offices and regions were reviewed after the Northern Region, one by one.
It is worth noting that lately, ROCs have begun acting quickly to punish white-collar criminals and defaulting businesses for breaking the law. The fine issued against certain large corporations by the ROC Offices in Jammu and Srinagar, which totals more than Rs 50–60 lakh for violations of secretarial compliances, is deserving of note in this procedure.