Registrar of Companies imposed penalties on the company and its directors, citing non-compliance with Section 203. However, upon review, the penalty was reduced by 85% due to mitigating circumstances, including diligent efforts to fill the position and the unforeseen challenges posed by the pandemic.
Vishnupriya Hotels and Resorts Private Limited failed to appoint a Company Secretary despite the stipulated requirements under Section 203 of the Companies Act, 2013, since November 2, 2018. The Registrar of Companies, Andhra Pradesh, imposed a penalty of Rs. 5,00,000/- each on the company and its two directors, totaling Rs. 15,00,000/-.
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