The order was issued under Section 441 of the Companies Act, 2013 regarding compounding of default under Section 203 of the Companies Act, 2013. The matter pertains to non-compliance relating to non-appointment of a Company Secretary from 18th September, 2016 to 20th August, 2019.
Key Details:
- Authority: Regional Director, Western Region, Mumbai
- Nature of Order: Interim order under Section 441 of Companies Act, 2013
- Date of Receipt: 17th August, 2026
- Violation: The Company did not appoint a Company Secretary from 18th September, 2016 to 20th August, 2019
Impact Assessment:
- Financial Impact: The Regional Director has imposed a penalty of ₹1,60,000 on the Company for the non-compliance
- Operational/Business Impact: There is no material impact on the business operations, management, or continuity of the Company arising from this matter
The Company will keep the Stock Exchanges informed of any further material developments in this matter.