NCALT penalises for non-appointment of whole time secretary

In the present case, it is not the case of the appellants that their share value has gone down and the company and other defaulters are not in a position to pay higher amount. However, it is accepted by the Registrar of the Companies that the appellants have not violated section 383-A during previous three years. It is not disputed that there was oversight and the default was not wilful. It is also accepted by the respondent that the moment the matter was brought to the notice of appellants by the Ministry of Corporate Affairs, Govt. of India, the Company appointed a whole time secretary on 8t...