The Registrar of Companies, Uttar Pradesh I, by Order ID PO/ADJ/06-2026/UP/02370 dated 22 June 2026, adjudicated penalties under section 454 of the Companies Act, 2013 for violation of section 137(3) by CHANDRA GHANTA COMMERCE PRIVATE LIMITED and its officers. The order states that an investigation initiated through the Ministry’s letter dated 10.02.2022 resulted in an Investigation Report dated 10.03.2023, which recorded that the company had not filed its financial statements in Form AOC-4 for the financial year ending 31.03.2021. It notes that section 137(1) requires filing of financial statements with the Registrar within thirty days of the Annual General Meeting and that the company failed to comply for FY 2020-21. Show cause notices dated 19.05.2026 were issued, but no response or request for hearing was received. Accordingly, penalties of ₹87,400 were imposed on the company and ₹25,000 each on ABHIMANU SINGH and UDAY SHARMA. The order directs rectification of the default and payment of the penalties within 90 days and provides for an appeal to the Regional Director, Delhi, within 60 days.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ROC Uttar Pradesh I
2nd Floor, Kendriya Bhawan, GPOA Building, Fazalganj, Kanpur, Uttar Pradesh, India, 208012
Phone: 0512-2310443
E-mail: roc.kanpur@mca.gov.in
Order ID: PO/ADJ/06-2026/UP/02370 | Dated: 22/06/2026
ORDER FOR ADJUDICATION OF PENALTY UNDER SECTION 454 OF THE COMPANIES ACT, 2013 (THE ACT’) FOR VIOLATION OF SECTION 137(3) 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, 201 for adjudging penalties under the provisions of this Act.
B. Company details:
In the matter relating to CHANDRA GHANTA COMMERCE PRIVATE LIMITED [herein after known as Company] bearing CIN U51101UP2009PTC089139, is a company registered with this office under the Provisions of the Companies Act, 2013/1956 having its registered office situated at Y 7 BLOCK 2A SECTOR H LDA COLONY NA LUCKNOW LUCKNOW UTTAR PRADESH INDIA 226012
Individual details:
In the matter relating to ABHIMANU SINGH
In the matter relating to UDAY SHARMA
C. Provisions of the Act:
(3) If a company fails to file the copy of the financial statements under sub-section (1) or sub-section (2), as the case may be, before the expiry of the period specified therein, the company shall be liable to a penalty of ten thousand rupees and in case of continuing failure, with a further penalty of one hundred rupees for each day during which such failure continues, subject to a maximum of two lakh rupees, and the managing director and the Chief Financial Officer of the company, if any, and, in the absence of the managing director and the Chief Financial Officer, any other director who is charged by the Board with the responsibility of complying with the provisions of this section, and, in the absence of any such director, all the directors of the company, shall be shall be liable to a penalty of ten thousand rupees and in case of continuing failure, with further penalty of one hundred rupees for each day after the first during which such failure continues, subject to a maximum of fifty thousand rupees.
D. Facts about the case:
1. Default committed by the officers in default/noticee – 1.This Investigation has been conducted via the Ministry’s letter dated 10.02.2022.
2. The Inspector (10) submitted the Investigation Report to the competent authority on 10.03.2023. The report explicitly mentions that that the Company has not filed the Financial Statements in Form AOC-4 for the financial year ending 31.03.2021.
3. As per Section 137 (1) of the Companies Act, 2013, every company is required to file a copy of its Financial Statements with the Registrar within thirty days from the date on which the Annual General Meeting is held.
4. It is observed that the that the Company has not complied with the statutory requirement of filing the Financial Statements as at 31.03.2021 for the FY 2020-21. The said default for non-filing of Financial Statements for the Financial Year 2020-21 attracts the penal provision mentioned under Section 137 (3) of the Companies Act, 2013.
Keeping in view of the above, you are hereby called upon to show cause as to why penal action should not be initiated against the company and its officers in default of the aforesaid default.
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 19.05.2026 to the company and its officer-in-default for not filing the Financial Statements for the year ending as at 31.03.2021. More than 30 days have expired, 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 137 (3) Companies Act, 2013 for violation of section 137(1) 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 | CHANDRA GHANTA COMMERCE PRIVATE LIMITED having CIN as U51101UP2009P TC089139 | 87400 | 0 | 200000 | |
| 2 | ABHIMANU SINGH having DIN as 09132892 | 25000 | 0 | 50000 | |
| 3 | UDAY SHARMA having DIN as 09148286 | 25000 | 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 Delhi 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 Uttar Pradesh I
