27 YEAR OLD LADY CA IS IN JAIL FOR GST REGISTRATIONS DONE FOR ALLEGED FRAUDULENT FIRMS.
Channel: R V Seckar
Date: 2020-08-22

27 YEAR OLD LADY CA IS IN JAIL FOR GST REGISTRATIONS DONE FOR ALLEGED FRAUDULENT FIRMS. 
COMPANY AND ITS DIRECTORS PENALISED IF CIN NUMBER IS NOT DISPLAYED ON COMPANY’S LETTER HEAD
Paridhi Jain vs State of Rajasthan Jan 2020 case. 


She filed bail application contending that she was only registering the firms on behalf of the clients after collecting required documents from them. The present petitioner is a professional Chartered Accountant. She further submitted that the petitioner was only getting the firms registered at the behest of her clients after collecting requisite documents from them. It was the duty of the competent authority of the department to get the details furnished by the present petitioner verified as per KYC (Know Your Customer).
 
As the petitioner being a practising Chartered Accountant and a lady of 27 years  is in Jail for last more than one month and in view of the undertaking submitted by the petitioner to fully cooperate with the investigating agency and provide the information/documents asked for by the investigating agency, this Court is of the opinion that the bail applications filed by the petitioner deserve to be accepted.

Rajasthan High Court granted bail on personal bond of Rs. 10 lakh and two sureties Rs. 10 lakh each.
COMPANY AND ITS DIRECTORS PENALISED IF CIN NUMBER IS NOT DISPLAYED ON COMPANY’S LETTER HEAD

Section 12 of the Companies Act, 2013 - CIN on the company's letter head. Numerous instances where Companies have been penalized.

Sec. 12 of the Companies Act, 2013 inter alia requires a Company to have a registered office within 30 days of its incorporation and for all times thereafter.

Further, Sec. 12(2)(d) r/w Rule 26 of the Companies Incorporation Rules provides further requirements in this regard. Companies must ensure that they have Corporate Identification Numbers printed on all letter heads, bill heads, official documents etc. to ensure compliance with this section.

Have seen many instances of RoC Orders in recent days where Companies have been penalized for violation of this Section.

Snip from the operative part of the Order
1 Anup Industries Limited  Rs 2000
2 Mr. Gaurav Nautam Nanavaty 
Managing Director  Rs 2000
3 Mr. MItali Nanavathy Gaurav 
Whole-time Director Rs 2000
 Total Fine Amount  Rs 6000