The ROC Cuttack passed an adjudication order under Section 454 of the Companies Act, 2013 for violation of Section 450 in relation to MAHARAJA POLYFAB LIMITED. The company had filed Form GNL-1 seeking to mark an approved Form MGT-7 as defective after stating that the Annual General Meeting date was incorrectly entered as 30.09.2025 instead of the actual date, 25.09.2025, due to an inadvertent clerical/data entry error. The ROC observed that the company had filed Form MGT-7 containing incorrect information and referred to Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014, which makes the authorised signatory and certifying professional responsible for the correctness of e-form contents and attachments. In response to the show cause notice, the noticees admitted the error, stated that it was unintentional and without mala fide intent, concealment or wrongful gain, and sought a lenient view. After examining the reply, the adjudicating officer deleted the company from the defaulters list and imposed penalties under Section 450 on the authorised signatory and the certifying Company Secretary in Practice, while directing payment of the penalties and rectification of the default within the prescribed period.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Cuttack
ROC-cum-Official Liquidator, Ministry Of Corporate Affairs, Corporate Bhawan, 2nd & 3rd Floor, Plot No-9(P), Sector-1,
CDA, Cuttack, Orissa, India, 753014
Phone: 0671-2366952
E-mail: roc.cuttack@mca.gov.in
Order ID: PO/ADJ/06-2026/CT/02445 Dated: 29/06/2026
ORDER FOR ADJUDICATION OF PENALTY UNDER SECTION 454 OF THE COMPANIES ACT, 2013 (‘THE ACT’) FOR VIOLATION OF SECTION 450 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 MAHARAJA POLYFAB LIMITED [herein after known as Company] bearing CIN U25209OR2021PLC035400, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at C/O MAHARAJA FOOD PRODUCTS CHAKARKEND NA BARGARH BARAGARH ORISSA INDIA 768028
Individual details:
In the matter relating to GANESH SHARMA —-
In the matter relating to ASHOK CS ——–
In the matter relating to ASHOK COMPANY SECERATRY IN PRACTICE —-
C. Provisions of the Act:
If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been accorded, given or granted, and for which no penalty or punishment is provided elsewhere in this Act, the company and every officer of the company who is in default or such other person shall be 1[liable to a penalty of ten thousand rupees, and in case of continuing contravention, with a further penalty of one thousand rupees for each day after the first during which the contravention continues, subject to a maximum of two lakh rupees in case of a company and fifty thousand rupees in case of an officer who is in default or any other person]
D. Facts about the case:
1. Default committed by the officers in default/noticee – The company has filed GNL-1 dated 28.05.2026 (SRN-AC3685975) with a request to mark the approved e-form MGT-7 (SRN-AC0391171) as defective, so as to enable the company to file a revised form with correct details. The company has submitted that due to an inadvertent clerical/data entry error, the date of Annual General Meeting (AGM) was incorrectly mentioned in the said e-form as 30.09.2025, whereas actual AGM of the company was duly held on 25.09.2025.
It is observed that the company has filed the document MGT-7 for the Financial Year 2024-25 with incorrect information. Rule 8(3) of the Companies Registration Offices and Fees) Rules, 2014 provides that :- The authorized signatory and the professional, if any, who certify e-form shall be responsible for the correctness of the contents of e-form and correctness of the enclosures attached with the electronic form.
Therefore, the company, its authorized signatory and the Professional, who certify the e-form are liable for penalty under Section 450 of the Companies Act, 2013.
2. The Noticee have not opted for e-hearing, hence, the e-hearing has not been provided.
E. Order:
1.
(i) In response to the Show Cause Notice (SCN) dated 04.06.2026, the company and other noticee have submitted their reply. In their reply, they have admitted that the error was purely clerical and unintentional, without any mala fide intent, concealment, or wrongful gain. The company voluntarily approached the Registrar for correction of the mistake, demonstrating its bona fide intention to maintain accurate statutory records and compliance. Further, they have prayed that lenient view may be taken considering voluntary disclosure and penalty, if any, may kindly be reduced to minimum or waived.
(ii) The reply of the company & other noticee have been examined with the provisions of the Companies Act, 2013 and Rules made thereunder in this context. Rule 8(3) of the Companies Registration Offices and Fees) Rules, 2014 provides that :The authorized signatory and the professional, if any, who certify e-form shall be responsible for the correctness of the contents of e-form and correctness of the enclosures attached with the electronic form.
The company and other notice have admitted the default. However, in view of the provisions made under Rule 8(3) of the Companies Registration Offices and Fees) Rules, 2014, the name of the company has been considered for deletion from the defaulters list. Therefore, I am imposing penalty upon Shri Ganesh Sharma, the Authorised Signatory of the company and Shri Ashok, Company Secretary in Practice, the certifying Professional under the provisions of Section 450 of the Companies Act, 2013 for violation of Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014.
(iii) The company and officers in default shall pay the below mentioned amount of penalty through online mode specifying the details of this order and the name of the noticee who is paying the penalty pursuant to Rule 3(14) of Company (Adjudication of Penalties) (Amendment) Rules, 2019, within 90 days of receipt of this order. Further the company shall file form INC-28 attaching a copy of order and payment challans immediately after payment of the penalty amount.
2. The details of penalty imposed on the company, officers in default and others are shown in the table below:
| (A) | Name of person on whom penalty imposed (B) | Rectification of Default required
(C) |
Penalty Amount
(D) |
Additional Penalty (E) (*Per day of continuing default i.e. date of rectification of default less order issue date) | Maximum limit for Penalty (F) |
| 1 | MAHARAJA POLYFAB LIMITED having CIN as U25209OR2021P LC035400 | 0 | 0 | 200000 | |
| 2 | GANESH
SHARMA having DIN as 09037185 |
10000 | 0 | 50000 | |
| 3 | ASHOK CS having PAN as AXAPA0951F | 0 | 0 | 50000 | |
| 4 | ASHOK COMPANY SECERATRY IN PRACTICE having PAN as AXAPA0951F | 10000 | 0 | 50000 |
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 Hyderabad 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.
Sitaram Gupta,
Registrar of Companies
ROC Cuttack
