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This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

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Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

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Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Jan 23, 2025

MCA Amends Companies (Adjudication of Penalties) Rules

The Ministry of Corporate Affairs (‘MCA’) by way of the Companies (Adjudication of Penalties) Amendment Rules, 2024, dated August 5, 2024, had amended the Companies (Adjudication of Penalties) Rules, 2014, which came into effect on September 16, 2024 (‘Effective Date’). Pursuant to this amendment, adjudication of all proceedings before the Adjudicating Officer and the Regional Director are to be mandatorily conducted through the e-adjudication platform developed by the Central Government. Further to this, MCA by way of the Companies (Adjudication of Penalties) Second Amendment, Rules, dated October 9, 2024, has further amended the Companies (Adjudication of Penalties) Rules, 2014, and has clarified that the proceedings pending before the Adjudicating Officer and the Regional Director as of the Effective Date, would continue as per the rules applicable prior to the Effective Date and, therefore, those proceedings do not have to be adjudicated on the e-adjudication platform.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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