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October 2024

Part A | Company Law

By Pramod Prabhudesai, Chartered Accountant
Kaushik M. Jhaveri, Company Secretary
Reading Time 4 mins

8 In the Matter of:

M/S Lions Co-Ordination of Committee of India Association

Registrar of Companies, Chennai

Adjudication Order No. ROC/CHN/ADJ/LIONS CO/S.134(3)(b)24

Date of Order: 25th June, 2024

Adjudication Order on Company and its Directors for Non-disclosure of details of the Number of Board Meetings conducted and the Dates of Board Meetings held during the financial years 2018–19 and 2019–20. This amounts to violation of the provisions of Section 134(3) (b) with Secretarial Standard-4 of the Companies Act, 2013, and hence, penalty was imposed under Section 134(8) of the Companies Act, 2013.

FACTS

An inquiry was conducted in the matter of M/s LCCIA by officer authorised by Central Government (CG), wherein it was observed that:

M/s LCCIA had not disclosed number of Board meetings conducted and dates of Board meetings in its Director’s Report for the Financial Year (FY) 2018–19.

Further, it was observed that in the Director’s Report for the FY 2019–20, the Company had disclosed that t

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