The Registrar of Companies, Chandigarh issued an adjudication order dated 06.07.2026 under Section 454 of the Companies Act, 2013 against NAVKKAR GOLD & DIAMOND LIMITED for violation of Section 136(3). The company filed a suo motu application for adjudication after failing to dispatch the audited standalone and consolidated financial statements, the auditor’s report and other required documents at least 21 days before the Annual General Meeting for FY 2024-25. The Board approved the audited financial statements on 10.11.2025, and the default period was determined as 23.10.2025 to 10.11.2025 (19 days). The Registrar imposed a penalty of ₹25,000 on the company and ₹5,000 on Vivek Jain, the officer in default. The company and the officer were directed to rectify the default and pay the penalties within 90 days through the MCA e-Adjudication portal. The order also provides for an appeal to the Regional Director, Chandigarh, within 60 days and refers to Section 454(8) for consequences of non-payment.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Chandigarh
Corporate Bhawan Plot No.4 B, Sector 27 B, Chandigarh, Chandigarh, India, 160019
Phone: 0172-2639415/2639416
E-mail: roc.chandigarh@mca.gov.in
Order ID: PO/ADJ/07-2026/CH/02496 | Dated: 06/07/2026
ORDER FOR ADJUDICATION OF PENALTY UNDER SECTION 454 OF THE COMPANIES ACT, 2013 (‘THE ACT’) FOR VIOLATION OF SECTION 136(3) 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 NAVKKAR GOLD & DIAMOND LIMITED [herein after known as Company] bearing CIN U47733CH2023PLC044964, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at SCO 19 SECTOR 34C SECTOR 34(CHANDIGARH) CHANDIGARH CHANDIGARH CHANDIGARH INDIA 160022
Individual details:
In the matter relating to VIVEK JAIN ________
C. Provisions of the Act:
If any default is made in complying with the provisions of this section, the company shall be liable to a penalty of twenty-five thousand rupees and every officer of the company who is in default shall be liable to a penalty of five thousand rupees.
D. Facts about the case:
1. Default committed by the officers in default/noticee – The applicant company has filed a Suo moto application under Section 454 of the Companies Act, 2013 for adjudication of penalty in respect of violation of Section 136(1) of the Companies Act, 2013. It is observed that the Company failed to dispatch the Audited Standalone and Consolidated Financial Statements, including the Auditor’s Report and other required documents, at least 21 days before the Annual General Meeting (AGM) for the Financial Year 2024-25. The Board of Directors approved the final audited financial statements on 10.11.2025. Consequently, the default period is calculated from 23.10.2025 to 10.11.2025 (19 days). Consequently, the Company and its officers are liable for penalty under Section 136(3) of the Companies Act, 2013.
2. Suo-moto application is filled by the company
E. Order:
1. Suo-moto application is filled by the company
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 | NAVKKAR GOLD & DIAMOND LIMITED having CIN as U47733CH2023P LC044964 | 25000 | 0 | 25000 | |
| 2 | VIVEK JAIN having DIN as 10096629 |
5000 | 0 | 5000 |
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 Chandigarh 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.
Anupam Vashista,
Registrar of Companies
ROC Chandigarh
