Home Companies Act ROC penalizes company for not holding Board Meetings

ROC penalizes company for not holding Board Meetings

0
ROC penalizes company for not holding Board Meetings

ROC penalizes firm for not holding Board Conferences

The Registrar of Firms within the matter of Indira IVF Hospital Personal Restricted has penalized firm for not holding Board Conferences.

That the corporate by Sh. Kshitiz Murdia, Director and CEO has Suo-moto, made an utility to adjudicate the violation dedicated by firm by non-holding the board conferences as required by part 173 of the Firms Act, 2013. This workplace has issued discover for adjudication dated 12.08.2022 for violation 173 of the Firms Act, 2013 punishable below part 450 of the Firms Act 2013 to the Firm and its Officers in default/KMP. The chance of being heard was supplied to the corporate and its officers in default/KMP on 29.08.2022.

In view of the details the undersigned has affordable trigger to imagine that the supply of Part 173(1) of the Firms Act, 2013 had not complied with as required below legislation by the Firm and its officers in default/KMP and due to this fact chargeable for penal motion below part 450 of the Firms Act, 2013 r/w sec 454 of the Firms Act, 2013.

As per part 173(1) of the Firms Act, 2013; the corporate ought to maintain a minimal of 4 conferences of board in a 12 months and on this case the corporate has not maintain any board assembly within the 12 months 2021, due to this fact the default has been dedicated on 4 counts.

In exercising of the facility conferred u/s 454 of the Firms Act, 2013 undersigned has handed the adjudication order imposing complete penalty of Rs.1.6 Lakhs on the Firm Indira IVF Hospital Personal Restricted, Shri Kshitiz Murdia (CEO). Shiree Satish Kothari (CS). Sayan Bandyopadhyay (CFO). for violation of part 17311) of the Firms Act, 2013 and punishable below part 450 of the Firms Act.

Merely, the penalty of Rs. 40,000 is imposed on the corporate and Rs. 40,000 on every Officer in default/KMP specifically Shri Kshitiz Murdia (CEO), Shri Shiree Satish Kothari (CS) and Sayan Bandyopadhyay (CFO) to be paid as said herein above inside 90 days from the receipt of order vide acceptable challan on MCA Portal. The penalty imposed on the Administrators ought to be paid from their private account.

That failure to pay penalty inside the stipulated interval the corporate and its director/ officers in default are chargeable for authorized motion u/s 454(8) of Firms Act 2013.

For Official Order Obtain PDF Given Beneath:

Be a part of StudyCafe Membership. For Extra particulars about Membership Click on Be a part of Membership Button

In case of any Doubt concerning Membership you’ll be able to mail us at [email protected]

LEAVE A REPLY

Please enter your comment!
Please enter your name here