The Registrar of Companies, Coimbatore passed an adjudication order dated 6 January 2026 under Section 454 of the Companies Act, 2013, imposing penalties for violation of Section 405(4) due to delayed filing of MSME Form I. The company failed to submit MSME-1 within the prescribed timelines for multiple half-year periods and later filed the returns with delays of 97 days and 94 days, contravening Section 405 read with the Specified Companies Order, 2019. Although the company subsequently filed the forms and voluntarily opted for adjudication, the authority held that the defaults attracted penalties up to the statutory maximum. Consequently, a penalty of ₹3 lakh each was imposed on the company and on key managerial personnel, including the Managing Director, Whole-Time Director, Company Secretary, and Chief Financial Officer, payable from personal sources. The order directs payment within 90 days through the MCA e-adjudication portal and provides a right of appeal to the Regional Director.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Coimbatore
Registrar Of Companies, No.7, AGT Business Park, I Floor, Phase II, Avinashi Road, Civil Aerodrome Post, Coimbatore, Tamil Nadu, India, 641014
Phone: (0422) -2629640,2628170
Fax: 0422-2628089
E-mail: roc.coimbatore@mca.gov.in
Order ID: PO/ADJ/01-2026/CB/01338 Dated: 06/01/2026
ORDER FOR ADJUDICATION OF PENALTY UNDER SECTION 454 OF THE COMPANIES ACT, 2013 (‘THE ACT’) FOR VIOLATION OF SECTION 405(4) OF THE COMPANIES ACT, 2013.
A. Appointment of Adjudicating Officer:
Ministry of Corporate Affairs vide its Gazette notification number S.O. 831(E) dated 24/03/2015 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 NATRINAI VENTURES LIMITED [herein after known as Company] bearing CIN U40100TZ2015PLC021605, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at NO.114, E4, 4TH FLOOR, SREEMATHI MARIAMMAL TOWERS, RACE COURSE COIMBATORE RACECOURSE COIMBATORE SOUTH COIMBATORE TAMIL NADU INDIA 641018
Individual details:
In the matter relating to LAKSHMI KRISHNA KUMAR ——–
In the matter relating to . NAVEEN ——-
In the matter relating to EZHIL GOVINDASAMY ——-
In the matter relating to EAZIL SATHYANTHAN ——-
In the matter relating to EAZIL SUDHARMAN ——
C. Provisions of the Act:
(4) If any company fails to comply with an order made under sub-section (1) or sub-section (3), or furnishes any information or statistics which is incorrect or incomplete in any material respect, the company and every officer of the company who is in default shall be liable to a penalty of twenty thousand rupees and in case of continuing failure, with a further penalty of one thousand rupees for each day after the first during which such failure continues, subject to a maximum of three lakh rupees.
D. Facts about the case:
1. Default committed by the officers in default/noticee – Company had defaulted in filing MSME Form I within the prescribed time limit for half year period ending 31.03.2023 and 30.09.2023. Form was filed belatedly in contravention of section 405 of Companies Act, 2013.
2. Company has defaulted the provisions of section 405(1) read with Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 during the period from 31/03/2024 to 31/03/2025 by filing the MSME-1 Form with a delay of 97 days and 94 days for the period ending 30/09/2024 and 31/03/2025 respectively. The Company has voluntarily opted for adjudication proceedings. Since the Company has requested for physical hearing, this hearing is conducted physically.
E. Order:
1. The Company has accepted the contravention. Since the Company has already filed the relevant e form (MSME-1), no rectification of default is needed. The delay is 97 days and 94 days respectively. However the maximum penalty can be imposed upon the Company and the Officers in default is Rs. 3,00,000/-. Hence a penalty of Rs. 3.0 Lakhs is imposed on the Company, the Managing Director Mr EAZIL SATHYANTHAN (DIN 07242001), the Whole Time Director EAZIL SUDHARMAN (DIN 07281907), the Company Secretary Ms LAKSHMI KRISHNA KUMAR (PAN FOCPK3050M) and the Cheif Finance Officer Mr Naveen (PAN ARGPN1461K) who are the Officers in Default by virtue of their position as KMPs.
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 | NATRINAI VENTURES LIMITED having CIN as U40100TZ2015PL C021605 | 300000 | 0 | 300000 | |
| 2 | LAKSHMI KRISHNA KUMAR having DIN as 08543864 | 300000 | 0 | 300000 | |
| 3 | . NAVEEN having PAN as
ARGPN1461K |
300000 | 0 | 300000 | |
| 4 | EZHIL GOVINDASAMY having DIN as 00776230 | 0 | 0 | 300000 | |
| 5 | EAZIL SATHYANTHAN having DIN as 07242001 | 300000 | 0 | 300000 | |
| 6 | EAZIL SUDHARMAN having DIN as 07281907 | 300000 | 0 | 300000 |
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 Chennai 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.
Vairamuthu Nagarajan,
Registrar of Companies
ROC Coimbatore
