PTC India Financial Services faces ₹640,000 penalties after appeals dismissed
PTC India Financial Services had all three appeals dismissed by the Regional Director (North), Ministry of Corporate Affairs, confirming penalties imposed by the Registrar of Companies.
The company faces penalties totaling ₹640,000 for contraventions during Financial Year 2021-22, including ₹140,000 for violations related to independent directors and shared documents, and ₹500,000 for improper composition of the Nomination and Remuneration Committee.
Provisions for these penalties have already been made.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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