MCA Amends Adjudication of Penalties Rules | Pending Proceedings Before AO or RD to Continue Under Existing Provisions of These Rules
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- By Chetan Kulasri
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- Last Updated on 14 October, 2024
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Notification No. G.S.R 630(E); Dated: 09.10.2024
The MCA has notified the Companies (Adjudication of Penalties) Rules, 2014. An amendment has been made to Rule 3A relating to the Adjudication Platform. A new proviso has been inserted to Rule 3A(1), which states that the proceedings pending before the Adjudicating Officer or Regional Director on the date of such commencement must continue as per the provisions of these rules existing prior to such commencement. These norms are effective from Oct 9, 2024.
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