Penalty Imposed for Delayed SH-7 Filing on Authorised Share Capital Increase

Section 64(2) Penalty Imposed for Delayed SH-7 Filing on Authorised Share Capital Increase: ROC Ahmedabad

The Registrar of Companies, Ahmedabad, issued an adjudication order under Section 454 of the Companies Act, 2013, for violation of Section 64(2). The company and its officers had filed an application for adjudication, stating that an Extraordinary General Meeting was held on 30.08.2022 for alteration of authorised share capital, alteration of the Memorandum of Association, and further issue of shares. While Form MGT-14 was filed within the prescribed time, Form SH-7 for the increase in authorised share capital was filed on 01.12.2022 instead of on or before 29.09.2022, resulting in a delay of 62 days, along with payment of additional filing fees. A hearing was scheduled on 08.07.2026, and the authorised representative requested that the matter be considered ex parte. The adjudicating authority imposed a penalty of ₹15,750 each on the company and three officers in default. The order directs rectification of the default and payment of the penalty within 90 days through the MCA e-Adjudication facility, provides a right of appeal before the Regional Director, Ahmedabad, within 60 days, and refers to Section 454(8) regarding non-payment of the penalty.

GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Ahmedabad
Registrar Of Companies, ROC Bhavan, Opp Rupal Park Society, Behind Ankur Bus Stop, Naranpura, Ahmedabad, Gujarat,
India, 380013
Phone: 079-27438531
E-mail: roc.ahmedabad@mca.gov.in

Order ID: PO/ADJ/07-2026/AD/02527 Dated: 10/07/2026

ORDER FOR ADJUDICATION OF PENALTY UNDER SECTION 454 OF THE COMPANIES ACT, 2013 (‘THE ACT’) FOR VIOLATION OF SECTION 64(2) OF THE COMPANIES ACT, 2013.

A. Appointment of Adjudicating Officer:

Ministry of Corporate Affairs vide its Gazette notification number S.O. 698(E) dated 10/02/2026 appointed undersigned as Adjudicating Officer in exercise of the powers conferred by section 454 of the Companies Act, 2013 [herein after known as Act] read with Companies (Adjudication of Penalties) Rules, 2014 for adjudging penalties under the provisions of this Act.

B. Company details:

In the matter relating to AMICORP CAPITAL IFSC PRIVATE LIMITED [herein after known as Company] bearing CIN U67190GJ2022FTC128668, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at BUILDING NO. 13B, BLOCK NO. 13 ZONE-1, ROAD 1C, GIFT SEZ NA GIFT CITY GANDHINAGAR GUJARAT INDIA 382355

Individual details:

In the matter relating to SUBROTO CHAKRABORTY ——-

In the matter relating to SAHIL FAUZDAR ——–

In the matter relating to GOPAKUMAR PUTHENVEETTIL——

C. Provisions of the Act:

Where any company fails to comply with the provisions of sub-section (1), such company and every officer who is in default shall be liable to a penalty of five hundred rupees for each day during which such default continues, subject to a maximum of five lakh rupees in case of a company and one lakh rupees in case of an officer who is in default

D. Facts about the case:

1. Default committed by the officers in default/noticee – The company and Mr. Sahil Fauzda, Mr. Gopalkumar Puthenveettil and Subroto Chakraborty have filed application in GNL-1 bearing SRN F5479878 dated 27.12.2022 to Adjudicate the offence committed under Section 64(1) of the Act read with Rules, made thereunder. The company vide letter dated 15.10.2025 has further requested to process application for adjudication of penalties under Section 454 of the Companies Ac, 2013. The company cited in its application that the company through Notice dated 01.08.2022 held an EOGM on 30.08.2022 for alteration of Authorised Share Capital, Alteration of MOA and further issue of shares. Subsequently, MGT-14 was filed with ROC within the specified time i.e. within 30days of the passing the resolution. The company had filed the said Notice of increase in authorised share capital in Form SH-7 on 01.12.2022 with additional fees of Rs. 10,694/-. Since the notice ought to have been filed on before 29th September 2022, there was a delay of 62days in filing the same on 01.12.2022.

2. Hearing was scheduled on 08.07.2026 in terms of Section 454(4) of the Companies Act, 2013 read with Rules made thereunder

E. Order:

1. The Authorised representative of the Applicants submitted vide email dated 08.07.2026 that consider the matter on an ex-parte basis. Accordingly, below mentioned penalty imposed on company and its Officer(s) in default

2. The details of penalty imposed on the company, officers in default and others are shown in the table below:

3. The notified officers in default/noticee shall rectify the default mentioned above and pay the penalty, so applicable within 90 days of receipt of the order.

4. The notified officers in default/noticee shall pay the penalty amount via ‘e-Adjudication’ facility which can be accessed through the respective login IDs on the website of Ministry of Corporate Affairs and upload the copy of paid challan / SRN of e-filing (if applicable) on the ‘e-Adjudication’ portal itself. It is also directed that the penalty so imposed upon the officers in default shall be paid from their personal sources/income.

5. Appeal against this order may be filed in writing with the Regional Director, RD Ahmedabad within a period of sixty days from the date of receipt of this order, in Form ADJ setting for the grounds of appeal and shall be accompanied by a certified copy of this order [Section 454 (5) & 454 (6) of the Act, read with Companies (Adjudication of Penalties) Rules, 2014].

6. For penal consequences of non-payment of penalty within the prescribed time limit, please refer Section 454(8) of the Companies Act, 2013.

Keerthi Narayana,
Registrar of Companies
ROC Ahmedabad