The Registrar of Companies, Uttar Pradesh I, by Order ID PO/ADJ/06-2026/UP/02338 dated 17 June 2026, adjudicated penalty under section 454 of the Companies Act, 2013 for violation of section 134(8) against RAMUDRAURBAN BACHAT MUTUAL BENEFIT NIDHI LIMITED and its officers. The order states that the auditor, in the report for the financial year ended 31.03.2019, reported that the company had not maintained unencumbered term deposits as required under Rule 5(10)(c) read with Rule 14 of the Nidhi Rules, 2014, and the directors’ report did not comment on this qualification. Following the inquiry report dated 29.06.2021 and directions issued by the Office of DGCoA on 31.08.2023, show cause notices were issued on 08.05.2026. As no response or hearing request was received, a penalty of ₹3,00,000 was imposed on the company and ₹50,000 each on SHREEPRASAD, SUDHA, and DEEPAK RAIKWAR under section 134(8). The order directs rectification of the default and payment of the penalty within 90 days and provides for an appeal to the Regional Director, Delhi, within 60 days.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Uttar Pradesh I
2nd Floor, Kendriya Bhawan, GPOA Building, Fazalganj, Kanpur, Uttar Pradesh, India, 208012
Phone: 0512-2310443
E-mail: roc.kanpur@mca.gov.in
Order ID: PO/ADJ/06-2026/UP/02338 | Dated: 17/06/2026
ORDER FOR ADJUDICATION OF PENALTY UNDER SECTION 454 OF THE COMPANIES ACT, 2013 (THE ACT’) FOR VIOLATION OF SECTION 134(8) 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 RAMUDRAURBAN BACHAT MUTUAL BENEFIT NIDHI LIMITED [herein after known as Company] bearing CIN U65990UP2018PLC108433, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at H.NO.8, IN FRONT OF NOKIA CARE BABULAL CHAURAHA NA BANDA BANDA UTTAR PRADESH INDIA 210001
Individual details:
In the matter relating to SHREEPRASAD .
In the matter relating to SUDHA .
In the matter relating to DEEPAK RAIKWAR
C. Provisions of the Act:
(8) If a company is in default in complying with the provisions of this section, the company shall be liable to a penalty of three lakh rupees and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees
D. Facts about the case:
1. Default committed by the officers in default/noticee – During the Couse of Inquiry, Inquiring Officer has observed/pointed out that The auditor in his report attached with the Balance Sheet of the company for the financial year ending 31.03.2019 reported that the company has not maintained unencumbered term deposits i.e. minimum of ten percent of the outstanding deposits as specified in Rule 5 (10 ( c) read with Rule 14 of the Nidhi Rules, 2014. The directors in their report for the financial year 31.03.2019 have not commented upon the same for violation of section 134 read with penal section 134(8) of the Companies Act, 2013. ? The said violation was reported by the Inquiring Officer in his report dated 29.06.2021. Accordingly, the office of DGCoA vide its File No. CL-II-04/42/2022-0/o DGCoA-MCA dated 31.08.2023 directed this office to take necessary action for non-compliance of section 134 of the Companies Act, 2013 for the financial year 31.03.2019.
2. Neither any response has been received from the company and its officers-in-default nor any request of hearing received in this regard.
E. Order:
1. This office issued Show Cause Notice on 08.05.2026 to the company and every officer of the Company who is in default for failure to provide the explanation in the (Directors) Report for the financial year ending 31.03.2019 in respect of the qualification/reservation of the Auditor in his report attached with Balance sheet of the company for financial year ending 31.03.2019 wherein auditor reported the non-compliance of Rule 5 (10 ( c) read with Rule 14 of the Nidhi Rules, 2014. by the Company. Hence there is violation of section 134(3)(f) of the Companies Act, 2013.
More than 30 days have expired from issue of Show Cause Notice, no response has been received till date. The company and every officer of the Company who are in default have also not requested for hearing. In the said circumstances, penalty as applicable as mentioned below is being imposed upon the company and every officer of the Company who are in default as per Section 134 (8) of the Companies Act, 2013.
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 | RAMUDRAURBA N BACHAT MUTUAL BENEFIT NIDHI LIMITED having CIN as U65990UP2018P LC108433 | 300000 | 0 | 300000 | |
| 2 | SHREEPRASAD . having DIN as
06741248 |
50000 | 0 | 50000 | |
| 3 | SUDHA . having DIN as 06741250 | 50000 | 0 | 50000 | |
| 4 | DEEPAK
RAIKWAR having DIN as 08053563 |
50000 | 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 Delhi 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.
Sanjay Bose,
Registrar of Companies
ROC Uttar Pradesh I
