M/s Kosamattam Nidhi Limited has been fined by the Ministry of Corporate Affairs, Registrar of Companies, Kerala & Lakshadweep for not including the Director Identification Number (DIN) of directors in the documents attached to e-form ADT-1. The penalty was imposed under Sections 454 and 172 of the Companies Act 2013 due to a violation of Section 158 of the same act. The order was issued because the company failed to mention the DIN of the directors in the attached documents, which is required by Section 158 of the Companies Act 2013.
M/s Kosamattam Nidhi Limited acknowledged the one-time violation and requested a lenient approach to the matter. However, the company was penalized with a fine of fifty thousand rupees as per Section 172. Additionally, each of the three directors of the company was also penalized, resulting in a total penalty of two lakh rupees.
The company and its directors have a period of ninety days from the receipt of the order to pay the penalties. Failure to comply within this timeframe may lead to a fine of up to five lakh rupees for the company and imprisonment for up to six months for the responsible officers.
Order No.09-53366/3139/Kosamattom/2101/2023 Dated: 19.05.2023
This order pertains to the adjudication of penalties under Section 454 and Section 172 of the Companies Act 2013 against M/s Kosamattam Nidhi Limited for violating Section 158 of the same act. The company failed to mention the Director Identification Number (DIN) of directors in the documents attached to e-form ADT-1. The company admitted the violation, stating that it was a one-time event-based violation and requested a lenient view. The penalty imposed on the company is Rs. 50,000, and each of the three directors is also penalized with Rs. 50,000, resulting in a total penalty of Rs. 2,00,000. The company and directors have 90 days to pay the penalties. Failure to comply within this timeframe could result in further fines or imprisonment.
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