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March 2024

Part A : Company Law

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

19 In the matter of M/S. BESTOW FINISHING SCHOOL PRIVATE LIMITED

REGISTRAR OF COMPANIES, PUNJAB AND CHANDIGARH

Adjudication Order No. ROC CHD/ADJ/682

Date of Order: 14th December, 2023

Adjudication Order for not consecutively numbering the pages of the minute book of the Company: Violation of provisions of Section 118 (1) of the Companies Act, 2013 (CA 2013) read with Secretarial Standard-1 (SS-1) issued by Institute of Company Secretaries (ICSI) on “Meetings of Board of Directors”.

FACTS

Registrar of Companies, Punjab and Chandigarh (‘ROC’) had made an inquiry under Section 206(4) of CA 2013 against M/s. BFSPL. During inquiry proceedings, it was found that the pages of the minutes’ book of the company produced/maintained by the company were not consecutively numbered.

Thereafter, ROC had issued Show Cause Notice (‘SCN’) for violation of section 118(1) of (CA 2013) read with Companies (Adjudication of Penalties) Rules, 2014 to M/s. BFSPL and its directors. No reply or communication was received from M/s. BFSPL and its directors regarding makin

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