The Registrar of Companies, Mumbai II, by order dated 23/07/2026, adjudicated penalty proceedings under Section 454 of the Companies Act, 2013 for violation of Section 450 in relation to GNI Infrastructure Limited. The proceedings arose from a suo motu adjudication application filed by the company regarding incorrect filing of Form MGT-7 for FY 2023-24, where an incorrect list of shareholders was attached and details relating to committee meetings and directors’ attendance were inadvertently carried forward due to a clerical/drafting oversight. Referring to Rule 8 of the Companies (Registration Offices and Fees) Rules, 2014, the order recorded that the authorised signatory and the professional certifying the e-form are responsible for the correctness of its contents and enclosures. The noticee accepted the default, declined a personal hearing, and requested adjudication based on written submissions, resulting in an ex parte order. Holding Harvindersingh Basantsingh Bindra liable under Section 450, the Adjudicating Officer imposed a penalty of ₹10,000, directed rectification of the default by providing a certified true copy of the shareholders’ list and committee meeting and attendance details, and required payment of the penalty within 90 days.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Mumbai II
100, Everest, Marine Drive, Mumbai, Maharashtra, India, 400002
Phone: 022-22812627
E-mail: roc.navimumbai@mca.gov.in
Order ID: PO/ADJ/07-2026/MR/02568 | Dated: 23/07/2026
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 GNI INFRASTRUCTURE LIMITED [herein after known as Company] bearing CIN U42101MH2007PLC173342, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at C/O GN HOUSE, 3RD FLOOR, GUT NO. 107, PLOT NO. 07, RENUKA MATA KAMAN, SATARA PA, AURANGABAD SATARA PARISAR AURANGABAD AURANGABAD MAHARASHTRA INDIA 431010
Individual details:
In the matter relating to HARVINDERSINGH BASANTSINGH BINDRA________
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:
Default committed by the officers in default/noticee – Whereas Registrar of Companies Mumbai-II (hereafter referred to as the ROC) is in receipt of a suo-moto Adjudication application dated SRN AC4231337 dated 29.06.2026 filed by the Company (hereafter referred to as the Applicant) under Section 454 of the Companies Act, 2013 (hereinafter referred to as the Act) for default under Rule 8 of the Companies (The Registration Offices and Fees) Rules, 2014 in respect to incorrect filing of MGT-7 vide SRN N31337793 for FY 2023-24.
Rule 8 of the Companies (The Registration Offices and Fees) Rules, 2014 reads as:
(1)An electronic form shall be authenticated by authorised signatories using digital signature and
(2)Rule 8 (3) reads as the authorised signatory and the professional, if any, who certify e-form shall be responsible for the correctness of the contents of e-form and correctness of the enclosures attached with the electronic form.
The applicant in adjudication application has stated due to an inadvertent clerical/drafting oversight, an incorrect list of shareholders was attached, and the details relating to committee Meetings and attendance of directors were inadvertently carried forward due to an internal work draft. As per Rule 8(3) of the Companies (The Registration Offices and Fees) Rules, 2014, the authorised signatory and the professional who certifies the form shall be responsible for correctness of contents of e-form and correctness of enclosures attached with the e-form. Section 450 of the Companies Act, 2013 provides punishment for the contravention where no specific punishment is provided. Thus, Harindersingh Basantsingh Bindra is liable for penalty under section 450 of the Companies Act, 2013 as officers in default.
Further, you are directed to provide a certified true copy of list of shareholders as on date of closing of financial year and the details relating to committee Meetings and attendance of directors.
2. The noticee in his reply to show cause notice has submitted that he does not wish to avail the opportunity of personal hearing and requests that the matter may be adjudicated based on the submissions made herein. Hence, no e-hearing order is scheduled and order is passed ex-parte.
E. Order:
1. i. The noticee in his reply to show cause notice has submitted that “he accepts the default as stated in the suo-moto adjudication application. The inadvertent error occurred due to a clerical/drafting oversight, wherein an incorrect list of shareholders was attached and certain details relating to Committee Meetings and Directors’ attendance were inadvertently carried forward from an internal working draft. The lapse was unintentional and without any mala fide intent.”
ii. Companies (Registration Offices and Fees) Rules, 2014, states that the authorised signatory and the professional who certifies the form shall be responsible for correctness of contents of e-form and correctness of enclosures attached with the e-form. thus, HARVINDERSINGH BASANTSINGH BINDRA having DIN as 01553752, is liable for penalty under section 450 of the Companies Act, 2013.
iii. In view of facts of case and reply submitted by the applicant, a penalty of Rupees ten thousand (Rs.10000/-) is being imposed on HARVINDERSINGH BASANTSINGH BINDRA having DIN as 01553752.
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 | HARVINDERSIN GH BASANTSINGH BINDRA having DIN as 01553752 | 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 Navi Mumbai 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.
Anannya Saikia,
Registrar of Companies
ROC Mumbai II
