Regulatory4 May 2026, 08:01 pm
Digilogic Systems: Regional Director Sets Aside ROC Orders
AI Summary
The Regional Director, South East Region, Hyderabad, has set aside the Adjudication Orders previously passed by the Registrar of Companies (ROC), Hyderabad, against Digilogic Systems Ltd. The orders, related to alleged non-compliances in private placements during 2024-25, had imposed penalties on the company and its officers. The Regional Director's decision absolves the company and its directors of all demands and penalties. The company had filed three separate appeals against the ROC orders, which were allowed on May 4, 2026.
Key Highlights
- Regional Director, South East Region, Hyderabad, set aside ROC Adjudication Orders.
- The matter is resolved in Digilogic Systems' favor; penalties are nullified.
- The Adjudication Orders were related to alleged non-compliances in private placements.
- The company and its directors are fully absolved of all demands/penalties.
- Three separate appeals filed by the company were allowed.