The Registrar of Companies, Kolkata I, by Order ID PO/ADJ/07-2026/WB/02571 dated 23.07.2026, adjudicated penalty under Section 454 of the Companies Act, 2013 for violation of Section 450 arising from non-compliance with Rule 7(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 by TAI INDUSTRIES LTD. The order states that the company filed e-Form MR-2 on 25.08.2025 for the re-appointment of Mr. Wangchuk Dasho Dorji as Whole-time Director for the period 20.05.2025 to 19.05.2028, whereas the application was required to be made within ninety days from the date of appointment, making the due date 18.08.2025 and resulting in a delay of seven days. The show cause notice was issued on 08.07.2026, and replies received from all noticees accepted the delay in filing. The Adjudicating Officer imposed a penalty of 竄ｹ17,000 each on the company and on Mou Mukherjee, Snigdha Khetan, Rohan Ghosh and Wangchuk Dasho Dorji. The order directs rectification of the default and payment of the penalty within 90 days and provides for an appeal to the Regional Director, Kolkata within 60 days.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Kolkata I
4th Floor Plot No.IIIF/16, in AA-IIIF Rajarhat, New Town, Akandakeshari, Kolkata, West Bengal, India, 700135
Phone: 033-22877390
E-mail: roc.kolkata@mca.gov.in
Order ID: PO/ADJ/07-2026/WB/02571 | Dated: 23/07/2026
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 TAI INDUSTRIES LTD [herein after known as Company] bearing CIN L01222WB1983PLC059695, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at 53A MIRZA GHALIB STREET 3RD FLOOR NA KOLKATA KOLKATA WEST BENGAL INDIA 700069
Individual details:
In the matter relating to MOU MUKHERJEE —————-
In the matter relating to SNIGDHA KHETAN —————-
In the matter relating to ROHAN GHOSH —————-
In the matter relating to WANGCHUK DASHO DORJI —————-
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 –
Default Committed by the Officers-in-default /notices-As per Rule 7(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 states that: – Every such application seeking approval shall be made to the Central Government within a period of ninety days from the date of such appointment.
Whereas it appears that the company has filed e-form MR-2 vide SRN: AB6233961 dated 25.08.2025 for the re-Appointment of Mr. WANGCHUK DASHO DORJI having DIN: 00296747 as Whole-time director for a period of 20.05.2025 to 19.05.2028. As the effective date of Appointment of the Whole-time director is 20.05.2025 and thus due date for filing as per above rule is 18.08.2025. However, the company has filed e-form MR-2 vide SRN: AB6233961 on 25.08.2025 with delay of 7 days. Hence, the company and officer in-default has violated the provision of Rule 7(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and is liable for Penalty under Section 450 of the Companies Act, 2013.
2. E-Hearing not Requested
E. Order:
1. As per Rule 7(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 states that: – Every such application seeking approval shall be made to the Central Government within a period of ninety days from the date of such appointment.
Whereas it appears that the company has filed e-form MR-2 vide SRN: AB6233961 dated 25.08.2025 for the re-Appointment of Mr. WANGCHUK DASHO DORJI having DIN: 00296747 as Whole-time director for a period of 20.05.2025 to 19.05.2028. As the effective date of Appointment of the Whole-time director is 20.05.2025 and thus due date for filing as per above rule is 18.08.2025. However, the company has filed e-form MR-2 vide SRN: AB6233961 on 25.08.2025 with delay of 7 days. Hence, the company and officer in-default has violated the provision of Rule 7(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and is liable for Penalty under Section 450 of the Companies Act, 2013.
SCN vide letter no SCN/ADJ/07-2026/WB/05050dated: 08/07/2026 was issued to the Company and officers in default. Reply regarding the same has been received from all the noticees wherein the default/delay in filing has been accepted.
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 | TAI INDUSTRIES LTD having CIN as L01222WB1983P LC059695 | 17000 | 0 | 200000 | |
| 2 | MOU MUKHERJEE having DIN as 03333993 |
17000 | 0 | 50000 | |
| 3 | SNIGDHA KHETAN having DIN as 07533790 | 17000 | 0 | 50000 | |
| 4 | ROHAN GHOSH having DIN as
00032965 |
17000 | 0 | 50000 | |
| 5 | WANGCHUK DASHO DORJI having DIN as 00296747 | 17000 | 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 Kolkata 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.
Arya Pyarelal,
Registrar of Companies
ROC Kolkata I
