Adjudication order for violation of section 203 of Companies Act, 2013 in the matter of M/s. Kautilya Warehousing Private Limited.

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F.No:9/01/ADJ/SEC.203 of 2013/ROC(AP)/RD(SER)/2024 [9°77 BEFORE THE REGIONAL DIRECTOR, SOUTH EAST REGION JO MINISTRY OF CORPORATE AFFAIRS, HYDERABAD log) IN THE MATTER OF COMPANIES ACT, 2013.

IN THE MATTER OF KAUTILYA WAREHOUSING PRIVATE LIMITED

• 1.M/s. KAUTILYA WAREHOUSING PRIVATE LIMITED D No. 23, Lecturers Colony | Beside Mini by-pass Road, Magunta Layout, Nellore, : Andhra Pradesh, India, 524003.

• 2.Mr. Naidu Amrutesh Reddy, Director No 13A, 7 Street, AstalakshmiPorur, Nagaralapakkam, oe Chennai, Tamil nadu-600116.

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3. Mr. Arjun Somireddy, Managing Director Plot No 499C, Kingscourt Avenue, | Behind Celebration Hotel, Magunta Layout, Nellore, Andhra Pradesh-524003. |

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Date of hearing: 21.11.2024 Present: Mr. S. Vikas Reddy, PCS

ORDER

1. This is an appeal filed under section 454(5) of the Companies Act, 2013 by the above appellants in e-form ADJ vide SRN F89290357 dated 02.01.2024 against the adjudication order Petition No. ADJ72/203 OF 2023-24/842 dated 21.11.2023 under section 454 read with section 203 (6) of the Companies Act, 2013 passed by the Registrar of Companies, Andhra Pradesh for default in compliance with the requirements of Section 203 (1) read with Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

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2. Registrar of Companies in his order of adjudication has stated that the company had failed to appoint the Whoie-Time Company Secretary since the applicable provisions of the Act came into force i.e., on 02.11.2018 to till date despite paid up capital nas exceeded the prescribed limit as stated in the provisions of Section 203(1) of the Companies Act, 2013.

3. ROC, Andhra Pradesh had issued notice dated10.10.2023 to the company and its defaulting officers with a request to attend/represent the matter

ons of Section 203(1) of the Companies Act, 2013.

3. ROC, Andhra Pradesh had issued notice dated10.10.2023 to the company and its defaulting officers with a request to attend/represent the matter

on 30.10.2023. However, they have failed to attend the same. Further, Registrar of Companies Andhra Pradesh passed an order dated 21.11.2023 by fixing a penalty of Rs. 5,00,000/- for Company i.e., Kautilya Warehousing Private Limited and Rs. 5,00,000/for each director i.e., Mr. Naidu Amrutesh Reddy, Director and Mr. Arjun Somireddy, Director (total aggregating to Rs.15,00,000/-).

4. Aggrieved by the said order dated 21.11.2023, the applicants herein have filed the instant appeal and an opportunity of being heard a hearing was given by the then Regional Director to the Appellants on 21.11.2024. The authorized representative Mr. S. Vikas Reddy, PCS appeared on behalf of the appellants on 21.11.2024.

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5. The then Regional Director upon the hearing the Authorized Representative and upon considering the facts of the case the penalty has been modified to an amount af Rs. 2,00,000/- for company and Rs. 1,00,000/- for each director who were officer in default i.e., Mr. Naidu Amrutesh Reddy and Mr. Arjun Somireddy amounting to Rs. 1,00,000/each (total aggregating to Rs. 4,00,000/-)

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Rs. 1,00,000/- for each director who were officer in default i.e., Mr. Naidu Amrutesh Reddy and Mr. Arjun Somireddy amounting to Rs. 1,00,000/each (total aggregating to Rs. 4,00,000/-)

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6. Accordingly, the appellants have paid the penalty i.e, the Company (Kautilya Warehousing Pvt Ltd) has paid the penalty amounting to Rs. 2,00,000/- and 2 directors i.e., Mr. Naidu Amrutesh Reddy and Mr. Arjun Somireddy had paid penalty amounting to Rs. 1,00,000/- each vide SRN’s UU0894860, UU0895349 and UU0894728 dated 13.05.2025 respectively, which has been submitted vide letter dated 14.05.2025 and thereby complying with the order of the then Regional Director.

7. In view of the compliance made by the Applicants stated above in respect of the penalty which was modified by the then Regional Director and the same has been duly paid, therefore, this formal order is issued to the Appellants. The Appeal is hereby disposed of.

Issued under my hand and seal on this the 2) day ofa 2025. E> fod. Kon. [eas ug ug 3A HHT / RICHA KUKREJA Xe fp REGIONAL DIRECTOR(S.E.R.) oe gaurata HYDERABAD

Copy for information and necessary action to :

1. Registrar of Companies, Ministry of Corporate Affairs, Andhra Pradesh, Vijayawada.

2. The Joint Secretary, E-Governance Cell, Ministry of Corporate Affairs, New Deihi.

New Deihi. oa Ks Kas \ RU HATS / RICHA KUKREJA fee,sss) REGIONAL DIRECTOR(S.E.R.) (ees Eva daxtate HYDERABAD