Authority: High Court of Meghalaya at Shillong
Order Date: 03.08.2026
Case Overview
- Parties: Petitioners – Manipur State Power Distribution Company Limited (incorporated 15.07.2013, Registration No. 008343) and its Managing Director Shri Nandeibam Sarat Singh; Respondent – Registrar of Companies, Ministry of Corporate Affairs, Shillong.
- Background: The Registrar issued a complaint alleging that the company failed to file the cost audit report for the financial year ending 31.03.2014 (FY 2014‑15) as required under Section 148(8) of the Companies Act, 2013.
- Petition: The petitioners filed an application under Section 482 of the Criminal Procedure Code seeking relief from the proceedings initiated by the Registrar.
- Developments: During the proceedings, the parties engaged in reconciliation and the petitioners applied to the Regional Director, North Eastern Region (Ministry of Corporate Affairs), Guwahati, for compounding of the alleged offences.
- Compounding Order: The Regional Director issued an order dated 03‑July‑2026 stating that the offence is compounded against the company and its thirteen directors, and the compounding application is disposed of accordingly.
Final Outcome
- The High Court, observing the compounding order and the changed circumstances, held that nothing survives in the petition and disposed of it accordingly.
- The Court directed that the parties are at liberty to approach the trial court for any necessary further orders.
Topics: Company Law Compliance, Cost Audit Regulation