Non-Disclosure ofRelated Party Transactions in Board Report violates S. 134(3)(h): MCA Imposes₹4 Lakh Penalty

The Ministry of Corporate Affairs ( MCA ) has imposed a monetary penalty of ₹4,00,000 on BI Mining (India) Private Limited and its directors in default for failing to disclose particulars of related party transactions ( RPTs ) in the Board’s Report, in violation of Section 134(3)(h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014.

The total penalty of ₹4,00,000 must be paid online via the MCA portal under the “Misc. head” within 90 days of receiving the order. Additionally, Form INC-28 must be filed along with the payment challan and a copy of the order. It was clarified that the penalty amount imposed on directors must be paid from their personalincome.

Failure to Affix CIN inCompany’s Board Report Submitted through E-form 23AC and 23ACA: MCA FinesCompany and Directors ₹6,000

In a recent adjudication order, the Ministry of Corporate Affairs (MCA) imposed a cumulative penalty of ₹6,000 on Private Limited company and its two directors for violating Section 12(3)(c) of the Companies Act, 2013 that is failure to affix CIN number its letterhead or official publication for one day.

The ROC directed the company and its officers to rectify the default immediately and complete the necessary compliance filings. Additionally, the order warned that non-payment of the penalty within 90 days may attract further action under Section 454(8) of the Act. The aggrieved parties have the option to appeal the order before the Regional Director (Northern Region) within 60 days of receiving the order.

MCA Imposes Penalty onCompany and Directors for Loan Default and Violation of Section 180(1)(c)

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, the company and its directors were penalized with Rs. 3.5 lakhs for loan default and violation of Section 180(1)(c) of the Companies Act, 2013.

The Registrar of Companies and Adjudication Officer, Kamna Sharma, imposed a total penalty of Rs. 3.5 lakhs on the company and the directors for the violation of Section 180(1)c of the Companies Act.

MCA Penalizes Companyand Directors for Non-Compliance with Section 29(1)(b) of Companies Act

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, the company and its directors were penalized with Rs. 3.5 lakhs for non-compliance with Section 29(1)(b) of the Companies Act, read with Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014.

The company and its directors were hit with a total penalty of Rs. 3.5 lakhs for serious violation of Section 29 (1) (b) of the Companies Act. The Registrar of Companies and Adjudication Officer, Kamna Sharma, issued the adjudication ruling.

Violation of Section149(4) of Companies Act: MCA imposes Rs. 7 lakh Penalty on Company &Directors

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, the company and its directors were penalized Rs. 7 lakhs for violating the provisions of Section 149(4) of the Companies Act, 2013.

Noting that there was a serious violation, a total penalty of Rs. 7 lakhs was imposed on the company and its directors. The order of adjudication was issued by Kamna Sharma (Registrar of Companies& Adjudication Officer).

MCA Penalizes Companyand its Directors for Non-Maintenance of Registered Office u/s 12

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 3 lakhs was imposed on the company and its Managing Director for failing to maintain a registered office.

The adjudicating officer concluded that the company breached the provisions of Section 12 of the Companies Act and imposed a penalty of Rs. 3 lakhs on the company and the director, and the penalty imposed is accurately mentioned in the order in the table. Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh & Kanpur, issued this order.

MCA Imposes Penalty onCompany and Directors for Failure to Approve and File Financial Statements andBoard’s Report

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, the company and its directors were penalized with Rs. 3.5 lakhs for failure to approve and file financial statements and the board’s reports.

Noting that there was a serious violation, a total penalty of Rs. 3.5 lakhs was imposed on the company and its directors. The order of adjudication was issued by Kamna Sharma (Registrar of Companies& Adjudication Officer).

MCA Penalises PrivateLimited Company & Directors for Furnishing Incorrect Information in Board’sReport

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 2.25 lakhs was imposed for furnishing incorrect information in the board’s report for the financial year (FY) 2021-22.

A penalty of Rs 1.5 lakhs was imposed on the company alone, and a penalty of Rs 25,000 each was imposed on the 3 directors of the company under default. The order was issued by Kamna Sharma, Registrar of Companies & Adjudicating Officer, Punjab & Chandigarh.

MCA imposes Penalty forFailure to appoint a Woman Director u/s 149(1) of Companies Act

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 5.85 lakhs has been imposed on the company and directors for the failure to appoint a woman director for the company.

The adjudicating authority reached the conclusion that there was a serious breach of Section 149 of the Act, due to which the company and its directors were imposed a total penalty of Rs 5.85 lakhs for the period of default. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

MCA Penalizes Companyand Directors for Failing to Hold Independent Directors’ Meeting

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company as well as the directors for the failure to hold an independent directors’ meeting.

The adjudicating authority, B. Mishra, imposed a total penalty of Rs 9 lakhs on both the company and the directors for violation of Section 149(11) of the Companies Act, 2013. The division of penalty imposed on the company and the directors is given in the table of the adjudication order. The order also stated that prosecution will be filed under Section 454(8)(i) and (ii) of the Companies Act, 2013, if the company fails to pay the fine imposed.

MCA imposes penalty ofRs. 4.85 lakhs on Company & Directors for failure to appoint Woman Director

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 4.85 lakhs has been imposed on the company and directors for the failure to appoint a woman director for the company under Section 149 of the Companies Act, 2013.

The adjudicating authority concluded that there was a serious breach of Section 149 of the Act, as the company was aware of its statutory responsibility to appoint a woman director. A total penalty of Rs 5.85 lakhs was imposed on the company and its 3 directors for the period under default for violation of Section 149(1) of the Companies Act, 2013. The penalty that has been imposed has been clearly mentioned in the table in the order. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

MCA imposes Rs. 4 lakhsPenalty for Non-Maintenance of Registered Office

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a total penalty which comes up to Rs. 4 lakhs was imposed on a company and its managing director for the failure of the company to maintain a registered office.

The adjudicating officer concluded that the company breached the provisions of Section 12 of the Companies Act and imposed a total penalty of Rs 4 lakhs on both the company and the directors, and the penalty imposed is accurately mentioned in the order in the table. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

Failure in Maintaining Registered Office: MCA penalizes both Directors and Company

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 24,000 each was imposed on the company and its Managing Director for the failure of the company to maintain a registered office.

The adjudicating officer concluded that the company breached the provisions of Section 12 of the Companies Act and imposed a penalty of Rs 24,000 on each, the company and the director, and the penalty imposed is accurately mentioned in the order in the table. Anu Vivek, Registrar of Companies & Adjudicating Officer, Kerala & Lakshadweep, issued this order.

MCA Penalizes Rs. 3.57lakhs on Company and Directors for Default on Mandatory Appointment of WomanDirector

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 3.57 lakhs has been imposed on the company and directors for the failure to appoint a woman director for the company by virtue of Section 149 of the Companies Act, 2013.

The adjudicating authority did not accept the reply furnished by the company and reached the conclusion that there was a serious breach of Section 149 of the Act, as the company was aware of its statutory responsibility to appoint a woman director. Thus, a total penalty of Rs. 3.57 lakhs was imposed on the company and its directors for the period under default. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

Failure to file AnnualReturns for the FY 2020-21: MCA imposes Penalty of Rs. 5.6 Lakhs on Company andDirectors

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 3 directors for the non-filing of financial statements for the financial years (FY) 2016-17 to FY 2021 under Section 137 of the Companies Act, 2013.

The penalty imposed was clearly given in the table of the order. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

Failure to maintainregistered office: Penalty of Rs. 3 lakhs imposed by MCA on Company andDirectors

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 3 lakhs was imposed on a company and its 2 directors for the failure to maintain a registered office by the company.

The adjudicating officer imposed a total penalty of Rs 3 lakhs on both the company and the directors, and the penalty imposed is accurately mentioned in the order in the table. This order was issued by B Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

MCA imposes Penalty onListed Company & Directors for Failure to Appoint a Woman Director sinceIncorporation

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 2.85 lakhs has been imposed on the company and directors for the failure to appoint a woman director for the company by virtue of Section 149 of the Companies Act, 2013.

The adjudicating authority did not accept the reply furnished by the company and reached the conclusion that there was a serious breach of Section 149 of the Act, as the company was aware of its statutory responsibility to appoint a woman director. Thus, a total penalty of Rs. 2.85 lakhs was imposed on the company and its directors for the period under default. The period of violation of provisions under Section 149 of the Companies Act, 2013, is from 01-07-2022 till 28-3-2023, and the delay is 270 days. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

ICAI vs. ICTPI: MCARegional Director Dismisses Name Dispute Plea by ICAI, Says ‘Chartered’ IsGeneric Term

The Regional Director of the Ministry of Corporate Affairs ( MCA ) has rejected the application of the Institute of Chartered Accountants of India ( ICAI ) against Institute of Chartered Tax Practitioners India ( ICTPI ) over the name’s similarity

The director noted the submission of the ICTPI it had addressed ICAI’s concerns by filing affidavits with the High Court. In the affidavits, ICTPI committed to adding disclaimers on its website and course material. The disclaimers expressly state that ICTPI is not an affiliate of ICAI and does not provide licenses for tax or customs practice. The Regional Director rejected ICAI’s application and held that the term “Chartered” is a generic term applied in various contexts and does not invariably signify a legal qualification.

Failure to AddressAuditor’s Remarks in Board Reports: MCA imposes Penalty of Rs. 3 lakhs onCompany and Directors

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a total penalty of Rs. 3.5 lakhs was imposed on a company and its directors for failing to address the auditor’s remarks in board reports for 2 consecutive financial years.

The adjudicating authority reached the conclusion that the company violated the provisions of Section 138(3)(f) of the Companies Act and imposed a total of Rs. 3 lakhs on the company and Rs. 50,000 on the defaulting directors under Section 134(8) of the Companies Act, and they were instructed to make payment through the way of demand draft within 90 days of the receipt of the order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

Failure to AddressAuditor’s Remarks in Director’s Report: MCA imposes Rs. 4.5 Lakhs Penalty onCompany and Directors

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a total penalty of Rs. 4.5 lakhs was imposed on a company and its directors for failing to address the auditor’s remarks in board reports.

The adjudicating authority reached the conclusion that the company violated the provisions of Section 138(3)(f) of the Companies Act and imposed a total of Rs. 3 lakhs on the company and Rs. 1,50,000 on the defaulting directors, which comes to a total of Rs. 4.5 lakhs under Section 134(8) of the Companies Act. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

MCA penalizes Companyand Directors for Non-Disclosure of Director Changes in Board Report

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a total penalty of Rs. 3.5 lakhs was imposed on a company and its directors for failing to address the auditor’s remarks in board reports for the financial year (FY) 2018-19.

The adjudicating authority reached the conclusion that the company violated the provisions of Section 138(3)(q) of the Companies Act and imposed a total of Rs. 3 lakhs on the company and Rs. 50,000 on the defaulting directors under Section 134(8) of the Companies Act, and they were instructed to make payment by way of demand draft within 90 days of the receipt of the order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

MCA Penalizes Companyand Directors for Failure to Address Auditor’s Remarks in Directors’ Report forFY 2019-20

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 3 directors for failure to address the auditor’s remarks in the directors’ report for FY 2019-20

The adjudicating authority observed that the company violated the provisions of Section 134(3)f of the Act, and a penalty of Rs. 4,50,000 was imposed. They were instructed to make an e-payment within 90 days of the receipt of the order. The penalty imposed was clearly given in the table of the order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

Non-Maintenance ofRegistered Office: MCA imposes Penalty of Rs. 2 lakhs on Company and Directors

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 2 lakhs was imposed on a company and its 3 directors for the failure to maintain a registered office by the company.

The adjudicating officer concluded that the company breached the provisions of Section 12 of the Companies Act and imposed a total penalty of Rs 2 lakhs on both the company and the directors, and the penalty imposed is accurately mentioned in the order in the table. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

MCA Imposes Penalty ofRs. 3 Lakhs on Company and Directors for Failure to Maintain Registered Office

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 3 lakhs was imposed on a company and its 3 directors for the failure to maintain a registered office by the company.

The adjudicating officer concluded that the company breached the provisions of Section 12 of the Companies Act and imposed a total penalty of Rs 3 lakhs on both the company and the directors, and the penalty imposed is accurately mentioned in the order in the table. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

MCA imposes Penaltieson Company and Directors for Non-Filing of Financial Statements from FY 2016-17to FY 2020-21

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 3 directors for the non-filing of financial statements for the financial years (FY) 2016-17 to FY 2021 under Section 137 of the Companies Act, 2013.

The adjudicating authority reached the conclusion that the company violated the provisions of Section 137 of the Act, and a penalty was imposed. They were instructed to make an e-payment within 90 days of the receipt of the order. The penalty imposed was clearly given in the table of the order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

Penalty of Rs. 4 Lakhsimposed by MCA on Company and 3 Directors due to failure to maintain RegisteredOffice

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 4 lakhs was imposed on a company and its 3 directors for the failure to maintain a registered office by the company.

The adjudicating authority reached the conclusion that the company violated the provisions of Section 12 of the Companies Act and imposed a total penalty of Rs 4 lakhs on both the company and the directors, and the fine imposed has been properly stated in the order in the table. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

MCA Penalizes Companyand Directors for Failing to Address Auditor’s Remarks in Board Reports for FY2017-18 and 2018-19

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 4.5 lakhs was imposed on a company and its 3 directors for each year, which comes to a total fine of Rs. 9 lakhs forfailing to address the auditor’s remarks in board reports for the financial year (FY) 2017-18 and 2018-19.

The adjudicating authority reached the conclusion that the company violated the provisions of Section 138(3)(f) of the Companies Act and imposed a total penalty under Section 138(8) of the Companies Act, and they were instructed to make an e-payment within 90 days of the receipt of the order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

MCA Imposes Penalty onCompany and Directors for Non-Compliance with S.118(10) of Companies Act

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 3 directors for the non-filing of financial statements for the financial years (FY) 2016-17 to FY 2021 under Section 118(10) of the Companies Act, 2013.

The adjudicating authority observed that the company violated the provisions of Section 118(10) of the Act, and a penalty of Rs. 40,000 was imposed. They were instructed to make an e-payment within 90 days of the receipt of the order. The penalty imposed was clearly given in the table of the order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur. To Read the full text of the Notice

Non-Fling of PAS-3: MCAimposes Rs. 4 lakhs penalty on Company and Directors

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies, a penalty of Rs. 4 lakhs was imposed on a company and its directors for non-filing of PSA-3.

It is also vital to note that an appeal against this order should be filed in writing with the Regional Director (Northern Region), Ministry of Corporate Affairs, CGO Complex, Lodi Road, New Delhi, within a period of sixty days from the date of receipt of this order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

Non-Filing of BalanceSheet for 3 Consecutive Years: MCA imposes Penalty on Company and Directors

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 4 directors for the non-filing of the balance sheet for 3 consecutive years.

The adjudicating authority reached the conclusion that the company violated the provisions of Section 137 of the Act, and a penalty was imposed. They were instructed to make an e-payment within 90 days of the receipt of the order. The penalty imposed was clearly given in the table of the order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

Non-Filing of AnnualReturns for 2 Consecutive Years: MCA Imposes Penalty on Company and itsDirectors

The order of adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies, under Section 454 of the Companies Act, 2013, has imposed a penalty of around 5.2 lakhs on both the company and its directors for not filing annual returns for 2 consecutive years. The Company Union Base Nidhi Ltd has been registered under the provisions of the Companies Act 2013 and has an authorised capital of Rs. 10 lakhs.

Thus, the penalty, which comes to around Rs 5.2 Lakhs for both years, was applied to both the firm and its directors for failing to file the annual returns, and the fine imposed has been properly stated in the order in the table. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh.

MCA Imposes Penalty onCompany, its Directors for Failing to Maintain Registered Office

The Ministry of Corporate Affairs (MCA), through the Registrar of Companies (RoC), Uttar Pradesh, has imposed a penalty on a limited company and its directors for violating the provisions of Section 12(1) and 12(4) of the Companies Act, 2013. The penalty was levied after the company failed to maintain a valid registered office and did not inform authorities of any changes as required by law.

The adjudicating authority directed the company and its directors to pay the penalty within 90 days via e-payment on the MCA website under “Pay Miscellaneous Fees”. The order allows an appeal to the Regional Director (Northern Region), Ministry of Corporate Affairs, within 60 days using Form ADJ, accompanied by a certified copy of the order

MCA Imposes ₹2 LakhPenalty on Company’s Auditor for Non-Filing of ADT-3

The Ministry of Corporate Affairs (MCA) has imposed a penalty of Rs. 2,00,000 on Indu Bala, an auditor, for failing to comply with Section 140(2) of the Companies Act, 2013. The penalty was adjudicated by the Registrar of Companies (ROC), Uttar Pradesh, under Section 454 of the Act, read with Companies (Adjudication of Penalties) Rules, 2014.

The auditor must remit the penalty via e-payment on the MCA website under “Pay Miscellaneous Fees” within 90 days. An appeal can be filed with the Regional Director (Northern Region), Ministry of Corporate Affairs, within 60 days using Form ADJ, accompanied by a certified copy of this order.

MCA Imposes ₹11.1 LakhPenalty on Company for Non-Filing of MGT-14 for Multiple FY

The Ministry of Corporate Affairs ( MCA ), through the Office of the Registrar of Companies ( ROC ), Uttar Pradesh, has penalized Shubhmangal India Nidhi Limited and its directors with Rs. 11,11,000 for failing to file Form MGT-14 for multiple financial years, in violation of Section 117(1) read with Section 179(3)(g) of the Companies Act, 2013.

If aggrieved, the company and its directors can appeal within 60 days before the Regional Director (Northern Region), MCA, New Delhi, by filing Form ADJ along with a certified copy of the adjudication order.

MCA Penalizes PrivateCompany & Directors for 527-Day Delay in Filing e-Form BEN-2

In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty was imposed on a private limited company and its directors due to non-compliance with beneficial ownership disclosure under the Companies Act, 2013, and due to a delay of 527 days in filing e-Form BEN-2.

The order also stated that the notice must pay the penalty individually via e-payment on the MCA website under “Pay Miscellaneous Fees” within 90 days, and an appeal can be filed with the Regional Director (Northern Region), Ministry of Corporate Affairs, within 60 days using Form ADJ, along with a certified copy of this order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

Failure to declarebeneficial ownership: MCA imposes penalty of Rs. 7 lakhs on Private Company& Directors

In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty of Rs. 7.35 lakhs was imposed on a private limited company and its directors due to non-compliance with beneficial ownership disclosure under the Companies Act, 2013.

The order also stated that the notice must pay the penalty individually via e-payment on the MCA website under “Pay Miscellaneous Fees” within 90 days, and an appeal can be filed with the Regional Director (Northern Region), Ministry of Corporate Affairs, within 60 days using Form ADJ, along with a certified copy of this order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

Govt Dues are belowsecured creditors, workmen, employees, and unsecured financial creditors u/s 53of IBC: MCA MoS Harsh Malhotra at Lok Sabha

The Ministry of Corporate Affairs ( MCA ) has clarified, in a reply to a question raised at the Lok Sabha that as per Section 53 of the Insolvency and Bankruptcy Code, 2016, government dues are positioned below the dues pertaining to secured creditors, workmen, employees, and unsecured financial creditors.

Important Lessons from Section 53: – By defining who gets paid first and giving secured creditors and workers’ dues priority, this will guarantee financial protection and an orderly liquidation process. The government prioritizes business financial stability over tax recoveries, placing government dues behind financial creditors.

Non-declaration ofbeneficial ownership by filing e-form BEN-2: MCA imposes penalty on PrivateCompany & Directors

In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty was imposed on a private limited company and its directors due to non-compliance with beneficial ownership disclosure under the Companies Act, 2013, and due to delay in filing e-Form BEN-2.

The order also stated that the notice must pay the penalty individually via e-payment on the MCA website under “Pay Miscellaneous Fees” within 90 days, and an appeal can be filed with the Regional Director (Northern Region), Ministry of Corporate Affairs, within 60 days using Form ADJ, along with a certified copy of this order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

MCA Imposes ₹4 LakhPenalty on Company for not Maintaining Registered Office u/s 12 of CompaniesAct

In a recent adjudication order issued by the Ministry of Corporate Affairs ( MCA ), the Registrar of Companies ( ROC ), Uttar Pradesh, penalized Ummid Mutual Benefit Nidhi Limited and its directors with Rs. 4 lakh for failing to maintain a registered office, violating Section 12 of the Companies Act, 2013.

The total penalty imposed amounts to Rs. 4,00,000. This penalty must be paid through the MCA21 portal within 90 days of receiving the adjudication order. The company is also required to file Form INC-28, attaching the adjudication order and proof of payment. Failure to comply with this order may lead to further legal consequences under Section 454(8) of the Companies Act, 2013.

MCA rejects Company’se-Form NDH-4, Imposes Penalty for non-maintenance of Registered Office

The Ministry of Corporate Affairs (MCA) has penalized Sunstar Mutual Services Nidhi Limited and its directors after rejecting the company’s e-Form NDH-4, citing a failure to maintain a registered office, in violation of Section 12 of the Companies Act, 2013.

The company and its directors may file an appeal within 60 days before the Regional Director (Northern Region), Ministry of Corporate Affairs, New Delhi, by submitting Form ADJ along with a certified copy of the order.

MCA imposes Rs. 8.42lakh Penalty on company & directors for Non-Filing of Cash Flow Statementsfor 5 consecutive FY

In a recent adjudication order passed by the Ministry of Corporate Affairs (MCA), Registrar of Companies (ROC), Uttar Pradesh, Swastik Mutual Benefits Limited and its directors were penalized Rs. 8,42,800 for failing to attach cash flow statements with their financial statements for the financial years 2014-2015 to 2018-2019, in violation of Section 137 of the Companies Act, 2013.

The company has the right to appeal within 60 days to the Regional Director (Northern Region), Ministry of Corporate Affairs, New Delhi, using Form ADJ, accompanied by a certified copy of the order. Failure to comply may result in further enforcement actions under Section 454(8) of the Companies Act, 2013.

MCA imposes Rs. 8.42lakh Penalty on company & directors for Non-Filing of Cash Flow Statementsfor 5 consecutive FY

In a recent adjudication order passed by the Ministry of Corporate Affairs (MCA), Registrar of Companies (ROC), Uttar Pradesh, Swastik Mutual Benefits Limited and its directors were penalized Rs. 8,42,800 for failing to attach cash flow statements with their financial statements for the financial years 2014-2015 to 2018-2019, in violation of Section 137 of the Companies Act, 2013.

The company has the right to appeal within 60 days to the Regional Director (Northern Region), Ministry of Corporate Affairs, New Delhi, using Form ADJ, accompanied by a certified copy of the order. Failure to comply may result in further enforcement actions under Section 454(8) of the Companies Act, 2013.

Omission of Web Addressfrom Annual Report: MCA Imposes Penalty of ₹4.5 Lakhs on Company and Directors

In a recent adjudication order, the Ministry of Corporate Affairs ( MCA ) Registrar of Companies penalized the company and its board of directors for not including its web address in its 2019 annual report.

The Adjudicating Officer, Seema Rath, held that an appeal against this order may be made in writing to the Regional Director MCA within sixty days of the date of this order. The adjudication authority also held that proper attention is to be given as per Section 454(8) of the Companies Act if such a penalty is met with Non-Compliance.

Failure to ConstituteAudit & Remuneration Committee Despite Loan Breach: MCA Imposes Penalty

In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty was imposed on a private limited company and its directors for the failure to constitute an audit and remuneration committee despite a loan breach.

The order also stated that an appeal against this order may be filed in writing with the Regional Director within sixty days from the date of receipt of this order, in Form ADJ, setting forth the grounds of appeal, and should be accompanied by a certified copy of this order. The order of adjudication was passed by Kamna Sharma, Registrar of Companies and Adjudicating Officer, Punjab and Chandigarh.

Company Faces Penaltyfrom MCA for Non-Compliance with Borrowing Resolution Requirements

In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty was imposed on a private limited company and its directors for non -compliance with borrowing resolution requirements.

The order also stated that an appeal against this order may be filed in writing with the Regional Director within sixty days from the date of receipt of this order, in Form ADJ, setting forth the grounds of appeal, and should be accompanied by a certified copy of this order. The order of adjudication was passed by Kamna Sharma, Registrar of Companies & Adjudicating Officer, Punjab and Chandigarh.

Non-Filing of Annual Returns for 2 Consecutive Years: MCA imposes Penalty on Company & Directors

In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty was imposed on a private limited company and its directors for non-filing of annual returns.

The penalty imposed has been clearly given in the order in the table. Penalties have been levied on both the company and the directors. A penalty has been imposed according to Section 92(5) of the Companies Act. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer Uttar Pradesh, Kanpur.

Non-filing of MGT 14for 3 Financial years: MCA imposes penalty on Company and 3 Directors

In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty was imposed on a private limited company and its directors over the non-filing of E-form MGT-14.

This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer Uttar Pradesh, Kanpur. In this order, the penalty was imposed on both the company and its 4 directors.

The adjudicating authority reached the conclusion that the company violated the provisions of Section 138(3)(f) of the Companies Act and imposed a total of Rs. 3 lakhs on the company and Rs. 50,000 on the defaulting directors under Section 134(8) of the Companies Act, and they were instructed to make payment through the way of demand draft within 90 days of the receipt of the order. This order was issued by Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh, Kanpur.

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 2.85 lakhs has been imposed on the company and directors for the failure to appoint a woman director for the company by virtue of Section 149 of the Companies Act, 2013.

Thus, a total penalty of Rs. 2.85 lakhs was imposed on the company and its directors for the period under default. The period of violation of provisions under Section 149 of the Companies Act, 2013, is from 01-07-2022 till 28-3-2023, and the delay is 270 days. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company and its 3 directors for the non-filing of financial statements for the financial years (FY) 2016-17 to FY 2021 under Section 137 of the Companies Act, 2013..

Thus, by reaching the conclusion that the company violated the provisions of Section 137 of the Companies Act, from 31-12-2-2-1 to 19-8-2024, the adjudicating authority imposed a penalty on both the company and its 7 directors, which comes to a total of Rs. 4,56,200. The penalty imposed was clearly given in the table of the order. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 24,000 each was imposed on the company and its Managing Director for the failure of the company to maintain a registered office.

The adjudicating officer concluded that the company breached the provisions of Section 12 of the Companies Act and imposed a penalty of Rs 24,000 on each, the company and the director, and the penalty imposed is accurately mentioned in the order in the table. Anu Vivek, Registrar of Companies & Adjudicating Officer, Kerala & Lakshadweep, issued this order.

MCA imposes penalty of Rs. 4.85 lakhs on Company & Directors forfailure to appoint Woman Director

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 4.85 lakhs has been imposed on the company and directors for the failure to appoint a woman director for the company under Section 149 of the Companies Act, 2013.

The adjudicating authority concluded that there was a serious breach of Section 149 of the Act, as the company was aware of its statutory responsibility to appoint a woman director. A total penalty of Rs 5.85 lakhs was imposed on the company and its 3 directors for the period under default for violation of Section 149(1) of the Companies Act, 2013. The penalty that has been imposed has been clearly mentioned in the table in the order. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

MCA Penalizes Company and Directors for Failing to Hold Independent Directors’ Meeting

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty was imposed on the company as well as the directors for the failure to hold an independent directors’ meeting.

The adjudicating authority, B. Mishra, imposed a total penalty of Rs 9 lakhs on both the company and the directors for violation of Section 149(11) of the Companies Act, 2013. The division of penalty imposed on the company and the directors is given in the table of the adjudication order. The order also stated that prosecution will be filed under Section 454(8)(i) and (ii) of the Companies Act, 2013, if the company fails to pay the fine imposed.

Failure to Appoint Woman Director Since Incorporation: MCA penalizesRs.2.85 lakhs on Company & MD

In the adjudication order passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 2.85 lakhs has been imposed on the company and directors for the failure to appoint a woman director for the company since its incorporation.

The company was directed to pay the penalty through the "Ministry of Corporate Affairs" portal and produce the proof of payment for verification within 60 days of receipt of the order. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

MCA imposes Penalty for Failure to appoint a Woman Director u/s 149(1)of Companies Act

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs 5.85 lakhs has been imposed on the company and directors for the failure to appoint a woman director for the company.

The adjudicating authority reached the conclusion that there was a serious breach of Section 149 of the Act, due to which the company and its directors were imposed a total penalty of Rs 5.85 lakhs for the period of default. This order was issued by B. Mishra, Registrar of Companies & Adjudicating Officer, Maharashtra, Mumbai.

MCA Penalises Private Limited Company & Directors for FurnishingIncorrect Information in Board's Report

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 2.25 lakhs was imposed for furnishing incorrect information in the board’s report for the financial year (FY) 2021-22.

A penalty of Rs 1.5 lakhs was imposed on the company alone, and a penalty of Rs 25,000 each was imposed on the 3 directors of the company under default. The order was issued by Kamna Sharma, Registrar of Companies & Adjudicating Officer, Punjab & Chandigarh.

MCA Penalizes Company and its Directors for Non-Maintenance ofRegistered Office u/s 12

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty of Rs. 3 lakhs was imposed on the company and its Managing Director for failing to maintain a registered office.

The adjudicating officer concluded that the company breached the provisions of Section 12 of the Companies Act and imposed a penalty of Rs. 3 lakhs on the company and the director, and the penalty imposed is accurately mentioned in the order in the table.Seema Rath, Registrar of Companies & Adjudicating Officer, Uttar Pradesh & Kanpur, issued this order.

MCA Imposes Penalty on Company and Directors for Loan Default and Violation of Section 180(1)(c)

In the adjudication order passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, the company and its directors were penalized with Rs. 3.5 lakhs for loan default and violation of Section 180(1)(c) of the Companies Act, 2013.

The Registrar of Companies and Adjudication Officer, Kamna Sharma, imposed a total penalty of Rs. 3.5 lakhs on the company and the directors for the violation of Section 180(1)c of the Companies Act.

However, some categories of unlisted public companies are exempted from filing Form PAS-6 including Nidhi companies, Government companies, and wholly owned subsidiaries, which are exempt from filing this form under the rules prescribed. Companies not covered under these exempted categories have to ensure on-time filing to escape non-compliance.

The PAS 6 Form includes Company details, Filing details which includes details of share per class, details of shares held by, details of demat requests, Details of changes in share capital during the half-year under consideration..etc.

The Ministry of Corporate Affairs ( MCA ) has imposed penalties on a private company and its directors for not maintaining a registered office as required under Section 12(1) of the Companies Act, 2013.

The company and its directors have been directed to rectify the default by updating the registered office details on the MCA portal immediately upon receipt of the order. Further, they are required to remit the penalty amounts online within 90 days. If they fail to comply with this order, it may lead to further enforcement actions under Section 454(8) of the Act. The adjudication order also mentions that an appeal, if any, may be filed with the Regional Director (Northern Region) within 60 days from the date of receipt.

A total penalty of Rs. 3 lakhs was imposed on the company and its 2 directors. The adjudicating order was passed by Seema Rath, adjudicating officer & Registrar of Companies, NCT of Delhi & Haryana.

A total penalty of Rs. 1.5 lakhs was imposed on the company and its 2 directors under section 12(8) of the Companies Act, 2013. The adjudicating order was passed by Seema Rath, adjudicating officer & Registrar of Companies, NCT of Delhi & Haryana.

Since no specific penalty is provided for this violation under Section 29 of the

Companies Act, 2013, the adjudicating authority can impose a penalty under Section 450 of the Companies Act. A penalty of Rs. 1.19 lakhs was imposed on the company, and a penalty of Rs. 50,000 was imposed on the managing director. The order also stated that, according to Section 454(8) of the Act, if the order is not complied within 90 days, prosecution will be filed under Section 454(8)(ii) of the Companies Act, 2013.

The order also warned that if the penalty is not paid within the given time, further action would be taken under Section 454(8)(ii) of the Companies Act. This could include legal action or additional fines. The case is now closed, and the appeal has been officially disposed of. This case serves as a reminder to auditors and professionals to strictly follow compliance rules under the Companies Act to avoid such penalties.

According to the ROC, if the penalties are not paid through the MCA21 portal within the allotted time, further criminal action, such as prosecution or recovery, may be taken. The decision clarifies the importance it is to maintain timely and accurate records of every meeting in accordance with the Companies Act and ICSI's Secretarial Standards. In addition to the penalties, non-maintenance can have a consequence on the company's compliance status and may give rise to an additional regulatory inquiry

MCA Imposes Penalty on Company and its Directors for Non-Appointment ofCompany Secretary under Section 203 of Companies Act

The Ministry of Corporate Affairs (MCA) in a recent adjudication order through the Registrar of Companies (RoC), Andhra Pradesh, has imposed penalties on Garudadri Infra Private Limited and its directors for failing to appoint a whole-time Company Secretary, as required under Section 203(1) of the Companies Act, 2013.

The adjudicating officer asserted that compliance with the Companies Act, especially with respect to the appointment of key managerial personnel, is not optional but a statutory obligation. Companies and their directors are expected to be fully aware of the applicable thresholds and must take timely corrective actions to ensure compliance. The order concluded by warning that any further delay or non-compliance may attract more severe consequences, including escalated penalties and potential prosecution.

The order clearly states that the liability of directors, officers, and others in charge shall not be extinguished. This means they may still be held accountable for any legal or regulatory non-compliance even after the company’s dissolution. Additionally it was also held that if the company believes the strike-off was in error or wishes to revive itself, it has the option to approach the National Company Law Tribunal (NCLT) under Section 252 within a period of three years.

In this case, penalties of Rs. 1,00,000 each were imposed on the company and two directors, amounting to a total penalty of Rs. 3,00,000. This order was issued by the Registrar of Companies, Telangana, acting as the Adjudicating Officer under Section 454. The notice directed the company and its directors to pay the penalty individually through e-payment on the MCA website under the “Pay Miscellaneous Fees” option within 90 days.

The Ministry has, in recent months, increased its scrutiny over companies that are either dormant, shell entities, or show patterns of habitual non-compliance. Companies are expected to keep their statutory filings up to date, maintain accurate records, and ensure that any change, whether in office address or directorship, is transparently communicated to the authorities. As the MCA continues its crackdown, companies would do well to view this not just as enforcement, but as a wake-up call to re-evaluate their compliance health and avoid unnecessary entanglements with the law.

MCA Strikes Off Company for Not Maintaining Registered Office asMandated Under Section 12

The Ministry of Corporate Affairs (MCA) has struck off a company from the Register of Companies for failure to maintain a registered office, in violation of Section 12 of the Companies Act, 2013.

It was also asserted that the company retains the right to appeal against this order before the National Company Law Tribunal (NCLT) under Section 252 of the Companies Act within three years, provided it can demonstrate that it was in fact operational or that the removal was not justified.

Accepting this explanation, the Adjudicating Officer held that the company’s submission was “tenable” and concluded that no default existed, given the dissolution of the foreign shareholder before the due date of SBO compliance. Accordingly, the ROC imposed a nil penalty on the company and all its directors, while still requiring rectification of any procedural aspects within 90 days if applicable.

The ROC also noted contradictory statements by the company regarding closure of the offer period and justification for filing multiple PAS-3 forms for tranche-wise allotment.After reviewing the company’s replies and the material on record, the ROC concluded that violations under Section 450 of the Act were established. The registrar imposed penalties of ₹20,000 each on the company and its directors and on the company secretary, with no additional daily penalty applied.

Private Placement Violation: MCA imposes Lesser Penalty onDPIIT-Start-up for Not Disclosing Identified Persons in Shareholders Resolution

The Ministry of Corporate Affairs ( MCA ) has imposed a reduced penalty on a DPIIT-recognised start-up, for violating private placement norms by failing to disclose the identified persons in the shareholders’ resolution relating to the conversion of director loans into equity.

The authority observed that while the company had indeed failed to disclose the identified persons in the resolution for the private placement arising from the loan conversion, it continued to fulfil the criteria for start-up recognition and had voluntarily admitted the default.The MCA, considering the start-up status and the nature of the contravention, imposed a lesser penalty. Bon Fresh Foods Private Limited was directed to pay ₹2,00,000, while each of its two directors was penalised ₹50,000.

MCA Penalises TMB, its CFO and Ex-Company Secretary for 215-Day Lapse inFinalising Board Minutes

The Ministry of Corporate Affairs ( MCA ) has imposed penalties on Tamilnad Mercantile Bank Limited (TMB), its Chief Financial Officer ( CFO ) and its former Company Secretary ( CS ) for a huge delay of 215 days in finalising and entering the minutes of a Board meeting into the Minutes Book, in violation of Section 118(1) read with Section 118(11) of the Companies Act, 2013.

As the adjudication application was filed suo-moto, penalties were imposed only on the applicants, TMB, its CFO, and its former Company Secretary. The penalties fixed were ₹25,000 on the company, and ₹5,000 each on the CFO and erstwhile Company Secretary.Although the ROC acknowledged that the Managing Director was technically liable under the provision, no penalty was imposed on him in view of the suo-moto application filed by the other noticees.

MCA Penalises Jeevodhaya Sahaya Nidhi Ltd for Failure to DiscloseAllottees’ Occupation in PAS-3, Directors Held Liable u/s 450

CSR Funds Not Spent Within Prescribed Time: MCA Penalises Pace Digiteku/s 135(7) of Companies Act

Minutes Not Serially Numbered: MCA Imposes Rs. 40k Penalty on Company

The Ministry of Corporate Affairs ( MCA ) has imposed a total penalty of ₹40,000 on company and its directors after an inspection revealed that the company had failed to serially number its board meeting minutes for the financial year 2014-15, in violation of Section 118 of the Companies Act, 2013 read with Secretarial Standards SS-1 and SS-2.

Considering the nature of the breach, the adjudicating officer rejected the plea for waiver of penalty, stating that Section 118(11) prescribes mandatory fines when minutes are not maintained in accordance with the law.The order accordingly levied a penalty of ₹25,000 on the company and ₹5,000 each on the directors in default. Although the company argued that Mr. Akhil Gupta should be excluded, the ROC treated him as covered under the definition of officer for the purposes of the adjudication.

MCA Penalises Private Company and Three Directors for Non‑Compliancewith Secretarial Standards in Board Report

The Ministry of Corporate Affairs (MCA) has passed an adjudication order penalising a company and three of its directors for violation of Section 118(11) of the Companies Act, 2013. The order followed an inquiry conducted under Section 206(4), which revealed non‑compliance with Secretarial Standard‑1 (SS‑1) in the Board’s Report attached to the financial statements as of March 31, 2017.

The MCA further clarified that appeals may be filed before the Regional Director, Chennai, within 60 days in Form ADJ, accompanied by a certified copy of the order. It also warned that failure to pay penalties within the prescribed period would attract consequences under Section 454(8), including potential prosecution.

MCA Penalises Private Company and its Director for Improper Appointmentof Non‑Resident Managing Director

The Ministry of Corporate Affairs (MCA) has issued an adjudication order underSection 454 of the Companies Act, 2013, penalising a public company and its director for violation of Section 196(4) read with Part I of Schedule V(e).

The MCA noted that the company does not qualify as a “small company” under Section 2(85), and therefore the benefit of reduced penalty under Section 446B was not applicable. It also warned that failure to pay penalties within the prescribed period would attract consequences under Section 454(8), including potential prosecution.

MCA Imposes Maximum Penalty for Internal Auditor Appointment Lapse onPrivate Company and Its Directors

The Ministry of Corporate Affairs (MCA) has issued an adjudication order under Section 454 of the Companies Act, 2013, imposing penalties on a private company and its director for violation of Section 138 relating to appointment of an internal auditor.

The order directs rectification of the default and payment of penalties within 90 days via the MCA’s e‑Adjudication portal, with the stipulation that the officer’s penalty must be paid from personal sources. The MCA further clarified that appeals may be filed before the Regional Director, Hyderabad, within 60 days in Form ADJ, accompanied by a certified copy of the order. It also warned that failure to pay penalties within the prescribed period would attract consequences under Section 454(8) of the Act, which includes potential prosecutio

MCA Penalises Private Company and its Director for Improper Appointmentof Non‑Resident Managing Director

The Ministry of Corporate Affairs (MCA) has issued an adjudication order under Section 454 of the Companies Act, 2013, penalising a public company and its director for violation of Section 196(4) read with Part I of Schedule V(e).

The MCA noted that the company does not qualify as a “small company” under Section 2(85), and therefore the benefit of reduced penalty under Section 446B was not applicable. It also warned that failure to pay penalties within the prescribed period would attract consequences under Section 454(8), including potential prosecution.