ROC Delhi Adjudication Order for non compliances of Section 203 of CA 2013 (Delay in appointment of Company Secretary) in the case of Yamuna International Airport Pvt. Ltd.
Order passed on 29th Dec 2021 imposing penalty on Company & Director.
👉 Violation of Section 203(4) of CA 2013
(4) If the office of any whole-time key managerial personnel is vacated, the resulting vacancy shall be filled-up by the Board at a meeting of the Board within a period of six months from the date of such vacancy.
Penalty imposed as per Section 203(5) If any company makes any default in complying with the provisions of this section, such company shall be liable to a penalty of five lakh rupees and every director and key managerial personnel of the company who is in default shall be liable to a penalty of fifty thousand rupees and where the default is a continuing one, with a further penalty of one thousand rupees for each day after the first during which such default continues but not exceeding five lakh rupees.