MCA slashes penalty on iPhone maker Wistron

Wistron Infocomm Manufacturing (India) and key personnel received a 72% penalty reduction from the corporate affairs ministry for failing to appoint a company secretary on time. The original penalty of ₹11.89 lakh was lowered to ₹3.35 lakh. Wistron, now owned by Tata Electronics, self-reported the violation covering periods in 2018 and 2020, citing COVID-19 challenges for the 2020 delay.