Company and Directors Penalised Rs. 4.50 Lakh for Non-Filing of Statutory e-Form MGT-14

ROC Kanpur has issued an adjudication order dated December 31, 2025, taking penal action against a company and its directors under Section 454 of the Companies Act, 2013, for the contravention of Section 117(2) of the said Act.

The dispute is related to a company named Shivganga Nidhi Limited, having CIN U65923UP2015PLC072227, and its directors named Awadhesh Kumar Rajbhar, Ajay Kumar, Harbendra Singh, and Dinesh Chandra.

During a meeting held on April 10, 2020, the Secretary of Corporate Affairs directed the Regional Directors to conduct a thorough examination and furnish the report on the sudden increase in the number of Nidhi Companies in Kanpur, Jaipur, and Patna. As a result of the discussions held in ROC Review Workshops, ROC declared the present disputed company as a member of Nidhi Companies for examination voluntarily.

During the investigation of the company, the authorised officer observed that the disputed company failed to furnish e-Form MGT-14 for the approval of accounts for the financial year 2016-17. This is a mandatory requirement as per Section 117(1) of the Companies Act, 2013. The official recorded this non-compliance under the Inquiry Report on September 08, 2022.

Thereafter, the Regional Director (RD), considering the company’s alleged for the aforesaid non-compliance under Section 117 of the Companies Act, 2013, initiated the liable penal action against the company via a letter dated September 28, 2022.

Additionally, the company did not furnish any reply or explanation, and no request for a personal hearing had been made in this matter, as a result of which the Adjudicating Authority imposed a penalty of Rs. 2 lakh on the company and Rs. 2.50 lakh on its five directors (Rs. 50,000 on each). Also directed to pay this penal amount within the time period of 90 days from receiving the order.