The Registrar of Companies, Cuttack, passed an adjudication order imposing penalties under Section 450 of the Companies Act, 2013 for filing incorrect information in statutory forms. The company had incorrectly reported the date of its Annual General Meeting in Form AOC-4 XBRL due to a clerical error, violating Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014, which mandates accuracy in filings. Despite the company admitting that the error was inadvertent, the authority held that responsibility for correctness lies with the company and its authorized signatory. Accordingly, penalties of ₹10,000 each were imposed on the company and its director. The order emphasized that even unintentional errors constitute non-compliance under the law. The company was directed to rectify the default, pay penalties within 90 days, and file necessary compliance forms, reinforcing strict accountability in corporate disclosures.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Cuttack
ROC-cum-Official Liquidator, Ministry Of Corporate Affairs, Corporate Bhawan, 2nd & 3rd Floor, Plot No-9(P), Sector-1,
CDA, Cuttack, Orissa, India, 753014
Phone: 0671-2366952
E-mail: roc.cuttack@mca.gov.in
Order ID: PO/ADJ/03-2026/CT/01903 Dated: 27/03/2026
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 MAHARAJA POLYFAB LIMITED [herein after known as Company] bearing CIN U25209OR2021PLC035400, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at C/O MAHARAJA FOOD PRODUCTS CHAKARKEND NA BARGARH BARAGARH ORISSA INDIA 768028
Individual details:
In the matter relating to GANESH SHARMA ———
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 – The company has filed GNL-1 dated 13.02.2026 (SRN-AC2290547) with a request to mark the approved e-form AOC-4 XBRL (SRN-AC0326727) as defective, so as to enable the company to file a revised form with correct details. The company has submitted that due to an inadvertent clerical/data-entry error, the date of Annual General Meeting (AGM) was incorrectly mentioned in the said e-form as 30.09.2025, whereas the actual AGM of the company was duly held on 25.09.2025.
It is observed that the company has filed the document AOC-4 XBRL for the Financial Year 2024-25 with incorrect information which contravened the provisions of Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014 and the authorized signatory and the professional, if any who certify e-form shall be responsible for correctness of the contents of e-form and correctness of the enclosures attached with the electronic form. Therefore, the company and the authorized signatory to the e-form are liable for punishment under Section 450 of the Companies Act, 2013.
2. The Noticee has selected “No” under the “e-hearing requested” option; therefore, no e-hearing has been provided.
E. Order:
1. Reply from the Noticee : In response to the Show Cause Notice (SCN) dated 24.03.2026, the company (Noticee-1) and Shri Ganesh Sharma (Noticee-2) have submitted their reply vide letter dated 25.03.2026, wherein they have stated that the default is inadvertent in nature and purely clerical and unintentional.
Order : The company and its Director ? Shri Ganesh Sharma in their reply have admitted the offence. Hence, the A.O. is of the view that the company has violated the provision of Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014. Therefore, the A.O. do hereby impose penalty upon the company and its Director/Officer in default under the provisions of Section 450 of the Companies Act, 2013 for violation of Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014.
The company and officers in default shall pay the below mentioned amount of penalty through online mode specifying the details of this order and the name of the noticee who is paying the penalty pursuant to Rule 3(14) of Company (Adjudication of Penalties) (Amendment) Rules, 2019, within 90 days of receipt of this order. Further the company shall file form INC-28 attaching a copy of order and payment challans.
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 | MAHARAJA POLYFAB LIMITED having CIN as U25209OR2021P LC035400 | 10000 | 0 | 200000 | |
| 2 | GANESH
SHARMA having DIN as 09037185 |
10000 | 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 Hyderabad 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.
Sitaram Gupta,
Registrar of Companies
ROC Cuttack
