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October 2022

Corporate Law Corner Part A : Company Law

By Pramod Prabhudesai | Vinod Agrawal, Chartered Accountants
Kaushik M. Jhaveri, Company Secretary
Reading Time 4 mins
10 Onn Chits Private Ltd.
Roc/2021/Onn Chits/Penalty Order/6324-6327
Office of the Registrar of Companies, NCT of Delhi & Haryana
Adjudication order
Date of order: 2nd November, 2021

Order for Penalty u/s 454 for violation of section 12(1) r.w.s. 12(4) of the Companies Act, 2013

FACTS

M/s OCPL has its registered address at Faridabad, Haryana.

RoC had received a letter from the Registrar of Chit Fund, New Delhi (RCF) dated 10th June, 2020 as a complaint received from Sajneev Hinanandani against M/s OCPL stating that M/s OCPL was not maintaining its registered office. The Complaint Cell referred the matter to Adjudication Cell for initiation of action u/s 12 of the Companies Act, 2013, against M/s OCPL and its officers in default, which attracted the violation of section 12(1) and the provision of section 12(8) of the Companies Act, 2013.

Thereafter, RCF issued a Show Cause Notice u/s 12(8) dated 10th December, 2020 to M/s OCPL and its officers in default. No reply was received from M/s OCPL or its representative against the SCN issued by RCF on 10th December, 2020. Notice of Inquiry was sent vide notice dated 31st August, 2021 fixing date of hearing on 20th September, 2021 before the Adjudicating Officer.

An e-mail was received on 20th September, 2021 from FCA  Anurag Kapoor requesting for grant of some time. An e-mail was sent to M/s OC
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