ROC-PENALTY OF RS. 2 lakh

ROC-PENALTY OF RS. 2 lakh

 

Ayush License in India

ROC-PENALTY OF RS. 2,00,000 ON AN ORGANIZATION AND THREE Director (RS. 50,000 EACH) FOR NOT ISSUING SHARE CERTIFICATE WITHIN A SPECIFIED TIME OF TWO MONTHS.

Raspberry PI Educational administrations Private Limited (thus after known as 'organization) is an enlisted comp of the Companies Act, 2013 (prior Companies Act, 1956) having its enrolled office according to MCA21 Registry at the address at C/o Perfect Accounting and Shared Services Private Limited, E-20, 1″ and 2. Floor, Hauz Khas, New Delhi-110016.

The organization and its director(s) have suo-moto documented application vide quarters GNL-1 (SRN T59563023) for settlement of punishment under the arrangements of area 454 of the Act and rules thereunder and expressed in that entomb alia that: -

As per the arrangements of area 56(4)(a) of the Act, the organization Was expected to get Rs. 50,00000 as membership cash and from that point issue and convey value offers to its endorsers of the Memorandum, of Association, for example, Raspberry Pi Foundation and Mr. Shashank Vira (chosen one of Raspberry Pi Foundation) inside a time of two months from the date of joining for example by 27.04.2021.

The organization has gotten a settlement of Rs. 50,00,000 from its endorser on 17.05.2021 in its financial balance towards share capital commitment for membership of value portions of the organization and the Board vide its goal dated 18.05.2021 given its endorsement for issuance of offer declarations to the supporters of the Memorandum of Association and likewise, share authentications were given and conveyed to the separate supporters on 27.05.2021.

There was a postponement in the issuance of value share testaments of around 30 days, which was past the legal timetable of two months from the date of consolidation for example 27.02.2021, on account of endorsers of the update. The default has been made great by issuance and conveying the offer declarations to its endorsers on 27.05.2021. The resistance was neither wilful nor mala fide thought process, outside of the organization's reach, and didn't bias the interest of any individual either part or bank of the organization. Thusly, the candidates have suo moto documented the current application for settlement of punishment under the arrangements segments 454 of the Companies Act, 2013.

PERCEPTION OF THE COURT AND CONCLUSION

In exercise of the powers presented on me vide Notification dated 24th March 2015 and having considered current realities and conditions of the case other than oral Submissions made by the delegate of the applicant(s) at the hour of hearing and subsequent to considering the elements referenced in the significant Rules, I in all actuality do thusly force punishment, as definite underneath: -

Section

Penalty Imposed On

Offense Period

 Amount

Total Penalty

U/S 56(4)

Penalty Imposed on Company

Till May 2021

 Rs 50000

Rs 50000

U/S 56(4)

Penalty Imposed on 3 Director

Till May 2021

 Rs 50000 for Each Director  

 Rs 150000

Total Penalty

Rs 200000/-]

24 Apr

Prem Singh
Prem

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