Indian Metals & Ferro Alloys Legal & Regulatory
Indian Metals & Ferro Alloys Ltd received an Income Tax penalty order of ₹0.39 Crore. The company is contemplating an appeal against this order.
- Value
- ₹0.39 Cr
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Indian Metals & Ferro Alloys Ltd received an Income Tax penalty order of ₹0.39 Crore. The company is contemplating an appeal against this order.
IMFA disclosed receiving an administrative warning letter from SEBI regarding insider trading regulation violations by certain middle-management employees. No fines or financial penalties were imposed.
Indian Metals & Ferro Alloys Limited received an order levying a ₹0.15 Crore compounding fee on its Key Managerial Personnel. The penalty relates to mismatches in comparative financial statements for FY 2019-20 and FY 2020-21. The company has already made the payment and states there is no material impact on operations.