The Registrar of Companies, Cuttack, issued an adjudication order imposing penalties under Sections 172 and 454 of the Companies Act, 2013 on Jagdamba Iron and Steel Private Limited and its director for violation of Section 158. The company failed to mention the DINs of its directors in its balance sheet and financial statements for the year ending 31 March 2015, as mandated under Section 158. No response was received from the company or the director to the show-cause notice. Considering the default, the Adjudicating Officer imposed a penalty of ₹50,000 each on the company and the director, subject to statutory maximums of ₹3,00,000 and ₹1,00,000, respectively. The officers are required to rectify the default and pay the penalty via the MCA e-Adjudication portal within 90 days. Appeals may be filed with the Regional Director, Kolkata, within 60 days. The order reinforces compliance obligations related to accurate disclosure of director identification in financial statements.
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, Odisha, India, 753014
Phone: 0671-2366952, E-mail: roc.cuttack@mca.gov.in
Order ID: PO/ADJ/12-2025/CT/01114 | Dated: 10/12/2025
ORDER FOR ADJUDICATION OF PENALTY UNDER SECTION 454 OF THE COMPANIES ACT, 2013 (‘THE ACT’) FOR VIOLATION OF SECTION 172 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 JAGDAMBA IRON AND STEEL PRIVATE LIMITED [herein after known as Company] bearing CIN U27102OR2005PTC008049, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at ASANBANIRAIRANGPUR NA MAYURBHANJ ORISSA INDIA 757043
Individual details:
In the matter relating to VIJOY AGARWALLA SHANKER____________
C. Provisions of the Act:
If a company is in default in complying with any of the provisions of this Chapter and for which no specific penalty or punishment is provided therein, the company and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees, and in case of continuing failure, with a further penalty of five hundred rupees for each day during which such failure continues, subject to a maximum of three lakh rupees in case of a company and one lakh rupees in case of an officer who is in default.
D. Facts about the case:
1. Default committed by the officers in default/noticee – It is observed from the Balance Sheet as on 31.03.2015 that the DIN of directors of the company has not been mentioned in the Balance Sheets/Financial Statements as per the requirement of Section 158 of the Companies Act, 2013. Therefore, the Company has violated provisions of Section 158 of the Companies Act, 2013.
2. N.A.
E. Order:
1. Facts about the case : It is observed from the Balance Sheet as on 31.03.2015 that the DIN of directors of the company has not been mentioned in the Balance Sheets/Financial Statements as per the requirement of Section 158 of the Companies Act, 2013. Therefore, the Company has violated provisions of Section 158 of the Companies Act, 2013. Reply of the Company/Directors : In response to the SCN dated 15.09.2025, reply has not been received from the company or its Directors/Officers.
Order : Considering the facts and provisions of the Companies Act 2013, the AO is of the view that the company has violated the provisions of Section 158 of the Companies Act 2013. Hence, the AO do hereby impose penalty upon the company and its Directors/Officers of the in default for the relevant period under the provisions of Section 172 of the Companies Act 2013.
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 | JAGDAMBA IRON AND STEEL PRIVATE LIMITED having CIN as U27102OR2005P TC008049 | 50000 | 0 | 300000 | |
| 2 | VIJOY AGARWALLA SHANKER having DIN as 00774275 | 50000 | 0 | 100000 |
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.
Sudhir Kapoor,
Registrar of Companies
ROC Cuttack
