The Registrar of Companies, Kanpur passed an adjudication order dated January 23, 2026 under Section 454 of the Companies Act, 2013, imposing penalties for violation of Section 134(1) read with Section 134(8). The action arose from an inquiry initiated under Section 206(4), during which it was observed that the company had filed its financial statements for FY 2015–16 in Form AOC-4 with unsigned financial statements, constituting non-compliance with statutory requirements. The violation was reported by the Inquiring Officer and directions were issued to initiate penal action. A show cause notice dated June 26, 2025 was issued to the company and its officers in default; however, no reply or request for hearing was received within the prescribed period. Consequently, penalties were imposed: ₹3,00,000 on the company and ₹50,000 each on six officers in default. The order directs rectification of the default and payment of penalties within 90 days, outlines the mode of payment through the MCA e-Adjudication portal, and provides for appeal before the Regional Director within 60 days. The order was passed by the Registrar of Companies, Kanpur.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Kanpur
Registrar of Companies, 37/17, Westcottt Buidling, The Mall, Kanpur, Uttar Pradesh, India, 208001
Phone: 0512-2310443,2310227,2310323
E-mail: roc.kanpur@mca.gov.in
Order ID: PO/ADJ/01-2026/KN/01432 | Dated: Dated: 23/01/2026
ORDER FOR ADJUDICATION OF PENALTY UNDER SECTION 454 OF THE COMPANIES ACT, 2013 (‘THE ACT’) FOR VIOLATION OF SECTION 134(8) OF THE COMPANIES ACT, 2013.
A. Appointment of Adjudicating Officer:
Ministry of Corporate Affairs vide its Gazette notification no. S.O. 831(E) dated 24.3.2015 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 JEEVAN JYOTI MUTUAL BENEFIT NIDHI LIMITED [herein after known as Company] bearing CIN U67190UP2014PLC065298, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at 368 VILLAGE BHARATPUR,POST CHITAYAN,KISHNI NA MAINPURI MAINPURI UTTAR PRADESH INDIA 206305
Individual details:
In the matter relating to AVDHESH KISHOR ___________________
In the matter relating to ASHA RAM PAL _______________
In the matter relating to KESHPAL ____________
In the matter relating to DAYARAM ____________
In the matter relating to PRAMOD KUMAR VERMA _________________
In the matter relating to VINOD KUMAR _______________
C. Provisions of the Act:
(8) If a company is in default in complying with the provisions of this section, the company shall be liable to a penalty of three lakh rupees and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees
D. Facts about the case:
1. Default committed by the officers in default/noticee – SCA MCA vide letter dated 10.04.2020 directed to conduct the Inquiry u/s. 206(4) of the Companies Act, 2013. During the Couse of Inquiry, Inquiring Officer has observed/pointed out from the MCA21 Registry ?that the company has filed financial statements (FS) for the year 2015-16, but company has attached unsigned financial statement with form AOC-4. Hence it is violation of section 134(1) of the Companies Act,2013. Therefore, the penal action u/s 134 (8) of the Companies Act, 2013 to be initiated against the company and its officers in default for violation of section 134(1) of the Companies Act,2013. The said violation was reported by the Inquiring Officer in his report dated 28.06.2022. Accordingly, the office of DGCoA vide its File No. CL-II-04/269/2023-O/o DGCoA-MCA dated 02.11.2023 directed this office to take necessary action for violation of section 134(1) of the Companies Act,2013 for the financial year 31.03.2016
2. Neither any response has been received from the company and its officers-in-default nor any request of hearing received in this regard
E. Order:
1. This office issued Show Cause Notice on 26.06.2025 to the company and its officer-in-default as the company and its Directors have failed to comply with the provisions of section 134(1) of the Companies Act, 2013, as they have filed unsigned financial statement with form AOC-4 for Financial Year ended as at 31.03.2016, thereby attracting the penal provisions mentioned under Section 134(8) of the Act.
More than 30 days have expired from issue of Show Cause Notice, no response has been received till date. The company and its officer-in default have also not requested for hearing. In the said circumstances, penalty as applicable as mentioned below is being imposed upon the company as well as its officer-in default as per Section 134 (8) 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 | JEEVAN JYOTI MUTUAL BENEFIT NIDHI LIMITED having CIN as U67190UP2014P LC065298 | 300000 | 0 | 300000 | |
| 2 | AVDHESH KISHOR having DIN as 06922358 | 50000 | 0 | 50000 | |
| 3 | ASHA RAM PAL having DIN as
07454891 |
50000 | 0 | 50000 | |
| 4 | KESHPAL . having DIN as07455045 |
50000 | 0 | 50000 | |
| 5 | DAYARAM . having DIN as06922343 |
50000 | 0 | 50000 | |
| 6 | PRAMOD KUMAR VERMA having DIN as 07455030 | 50000 | 0 | 50000 | |
| 7 | VINOD KUMAR having DIN as 07455496 | 50000 | 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 Noida 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.
Sanjay Bose,
Registrar of Companies
ROC Kanpur
