Adjudication order for violation of section 118(10) of Companies Act, 2013 in the matter of M/s. Stanley Lifestyles Limited

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----- Start of picture text -----<br> DP rm na of 2013/ROC(B)/RD(SER)/2025<br>MINISTRY OF CORPORATE AFFAIRS, HYDERABAD<br>va. BEFORE THE REGIONAL DIRECTOR, SOUTH EAST REGION<br>_ IN THE MATTER OF COMPANIES ACT, 2013<br>IN THE MATTER OF STANLEY LIFESTYLES LIMITED<br>----- End of picture text -----<br>

• is. STANLEY LIFESTYLES LIMITED SY No. 16/2 and 16/3 Part, Hosur Road, Veerasandra Village, Attibele Hobli, Anekal Taluk, Bangalore, Karnataka — 560100.

• 2.Ms. Subha Sunil ; No. 1/1, Flat S-2, Skyline May Flower Apts, | Leonard Lane, Richmond Town, ° Bengaluru, Karnataka - 560025.

3. Mr. Sunil Suresh No. 275, 10 Cross, Wilson Garden, Bangalore, Karnataka — 560027.

4. Mr. Jitesh Bansal .

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• Baliapur Road, Govindpur, Dhanbad, Jharkhand - 828109 ©

Jitters. Appellants

Date of hearing: 24.07.2025

Present: Mr. Vinu Thomas, Company Secretary in Practice.

ORDER

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1. M/s. STANLEY LIFESTYLES LIMITED has filed an appeal under section 454(5) of the Companies Act, 2013 along with the above appellants in e-form ADJ vide SRN AB4223898 dated 25.05.2025 against the adjudication order issued vide F.No. ROCB/Adj.454-118(10)/Stanley Lifestyle/Co.No.044090/2025/6668 to 6671 dated 25.03.2025 under section 454(5) of the Companies Act, 2013 read with section 118(10) of the Companies Act, 2013 passed by-the Registrar of Companies, Bangalore.

2. Registrar of Companies in his Adjudication order dt. 25.03.2025 has stated after considering the facts and circumstances of the case that the company and its directors are liable to penalty as prescribed under Section 118(11) of the Act for violation of Section 118(10) of the Companies Act, 2013. Further, Registrar of Companies, Bangalore passed an order dated 25.03.2025 after

LeeRod ornate aN hearing Mr. Vamsikrishna. K & Mr. Vinu Thomas, Practising Company

ESS” oe Secretaries on 06.03.2025 and by fixing a penalty as under: ae . Do. ‘ Page 1 of3

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|S.No.|Particluars|||Penalt\||
|---|---|---|---|---|---|
|1<br>M/s.<br>Stanley|Rs.25,000/- |Rs.25,000/- |Rs.25,000/- <br>[tities ff<br>2<br>Ms. Shubha Sunil, |Rs.5,000/- |Rs.5,000/- |Rs.5,000/- <br>Wholetime|||||Rs.75,000/- *<br> |Rs.15,000/-|\|
||Director|||||
|3|Mr. Sunil Suresh, |Rs.5,000/- | Rs.5,000/-|||Rs.5,000/-||Rs.15,000||
||Managing|||||
||Director|||||
||—|||||
|4|Mr. Jitesh Bansal, |Rs.5,000/- |Rs.5,000/-|||Rs.5,000/-|| Rs.15,000/-||
||||||||
||Ex-<br>Company|||||
||Secretary|||||

/-|||Rs.5,000/-||Rs.15,000|| ||Managing||||| ||Director||||| ||—||||| |4|Mr. Jitesh Bansal, |Rs.5,000/- |Rs.5,000/-|||Rs.5,000/-|| Rs.15,000/-|| |||||||| ||Ex-<br>Company||||| ||Secretary|||||

3. The matter was heard on 24.07.2025. Mr. Vinu Thomas, Company Secretary in Practice/Authorized representative has attended the personal hearing on behalf of the applicants on 24.07.2025 before the Regional Director. 

4. That it was explained by the Authorized Representative that in 2017 the Secretarial Standards were amended, deleting the requirement of disclosing the no. and dates of meeting-of the Board and committees held during the financial year indicating the number of Meetings attended by each directors. The Company followed the latest SS and did not disclose the date of Board Meetings. 

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5. The violation relates to non-disclosure of the date of Board Meetings in the Director’s Report as required by SS~-1 in the Director’s Report relating to 201819, 2019-20,and 2020-21. Since the SS-1 had been amended and there was no requirement to disclose the dates of the meetings, there is no violation. Hence the order of AO is set aside. 

Issued on this San day of August, 2025. 

oy MRS eater fetes (wa.S.3i0.)/ K it } Rea PRT / RICHA KUKREJA oes REGIONAL DIRECTOR(S.E.R.) @aurala JHYDERABAD | 

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Copy for information and necessary action to: 

1. Registrar of Companies, Ministry of Corporate Affairs, Bangalore, Karnataka. 

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

ion and necessary action to: 

1. Registrar of Companies, Ministry of Corporate Affairs, Bangalore, Karnataka. 

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

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