Singh Packwell Private Limited has been penalized by the Ministry of Corporate Affairs (MCA), Government of India, for maintaining and representing their registered office address incorrectly. The infractions’ specifics and their repercussions for the business are described below.
Adjudicating Officer’s Appointment
The MCA empowered the Registrar of Companies, Delhi, to decide on penalties under the Companies Act, 2013, particularly in situations like these, through a Gazette Notification on March 24, 2015.
Details About Singh Packwell Pvt. Ltd.
According to the MCA website, Singh Packwell, a New Delhi-based company, listed its registered office address incorrectly. Despite claiming there was no turnover in the prior fiscal year, the corporation is now being penalized for its oversight.
Case Analysis
On 10/10/2019, it was determined through a physical inspection that the company had neglected to maintain its registered office. Records indicate contrary, despite the company’s claim that they informed the MCA of their address change. Contradictory information is shown in documents from the MCA portal, demonstrating the company’s default. Further investigation revealed that on numerous official papers, including balance sheets and director’s reports, the corporation had used the wrong address. The corporation made an effort to make things right by submitting a rent agreement, however this record lacked legitimacy.
Vialation Breakdown
The MCA has pointed out three main violations:
- Section 12(1): Failure to maintain a registered office for a period of 846 days.
- Section 12(3)(c): Repeatedly using an incorrect registered office on official documents.
- Section 12(4): An INC-22 form indicating a change of address was not filed for 917 days.
The necessity of having a registered office and the consequences for doing so are both spelled out in the Act.
Penalty Adjudication
The Company is subject to penalties for failing to comply with the requirements of Sections 12(1), 12(3)(c), and 12(4). The company will pay half of the typical penalty because it is a small corporation as defined by Section 2(85). This fine is the responsibility of both directors, Sh. Tribhuvan Singh and Ms. Nirmala Devi.
The following is the total fine issued on Singh Packwell Pvt. Ltd:
- 50,000 is fined for breaking Section 12(1).
- 1,000 for each occurrence covered by Section 12(3)(c).
- Infraction of Section 12(4): performed daily calculations.
Conclusion
This incident serves as a reminder to businesses of the value of following rules and upholding openness in their business practices. Even though Singh Packwell Pvt. Ltd is working to correct its mistakes, the MCA’s fines highlight how serious these oversights are.
Company Registration in Dwarka Delhi