ROC Penalises Company and Directors Over Non-Maintenance of Statutory Registers

The Registrar of Companies (ROC) Ranchi has issued an order of adjudication dated February 05, 2026, imposing a penalty amounting to Rs. 2 lakh on a company named Thakur Life Care Private Limited and its two directors.

Every company, under Section 88 of the Companies Act, 2013, is required to keep and maintain a few official registers. These include (a) a register of members indicating separately for each class of equity and preference shares held by each member residing in or outside India; (b) a register of debenture holders; and (c) a register of any other security holders.

When the company in question was investigated by the concerned authority, it was found that the company had not maintained any of these registers of its members. This was an explicit contravention of the provisions of section 88 of the Companies Act, 2013.

Considering the same, ROC Ranchi held the company and its directors liable for penal action under Section 88(5) of the Companies Act, 2013, and imposed a penalty of Rs. 1.5 lakh on the company and Rs. 50,000 on Shashank Shekha and Mayank Shekhar (Rs. 25,000 on each).

Additionally, directed to pay the imposed penalty amount and rectify the default within the time period of 90 days from the receipt date of the order.