Adjudication order for violation of section 203 of Companies Act, 2013 in the matter of M/s.SUTARA ROADS & INFRA LIMITED

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• F. No:9/20/ADJ/SEC.203 of 2013/ROC(TG)/RD(SER)/ 2024 BEFORE THE REGIONAL DIRECTOR, SOUTH EAST REGION MINISTRY OF CORPORATE AFFAIRS, HYDERABAD IN THE MATTER OF COMPANIES ACT, 2013 / 1200 To 125

• IN THE MATTER OF SUTARA ROADS & INFRA LIMITED =3)\

• 1.M/s. SUTARA ROADS & INFRA LIMITED , - Sasa { 156-159 Paigah House, Sardar Patel Road, | eyerot.. DESPATCHED ; '

• Telangana,Hyderabad, India,Secunderabad,500003. gg APR ORO ORO

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• | | _

• 2. Mr. Audisesha Reddy Putchalapalli, Director | Flat No.306, Vishnu Elite Apartments, Gurumurthy Road, Beside Reebook Showroom, beeen net Begumpet, Hyderabad-500016, India.

3. Mr. Ilyas Ghulam Hussain Ghouse, Director Flat No.4-E, Mayfair Apartments, Road No.2, Banjara Hills, Hyderabad-500034, India.

• 4, Shri Mazharul Haq Syed, Director Plot No.1207, Road No.60, jubilee Hills, Hyderabad-500034

‘cities Appeallants

Date of hearing: 11.02.2025 Present: Mr. T. Ravi Prakash, PCS

ORDER

1. M/s. Sutara Roads & Infra Limited and Shri Audisesha Reddy Putchalapalli, Director, Shri Ilyas Ghulam Hussain Ghouse, Director, Shri Mazharul Hag Syed, Director has filed an appeal under section 454(5) of the Companies Act, 2013 by the above appellants in e-form ADJ vide SRN F92763945 dated 27.02.2024 against the adjudication order issued in F No. ROC(H)/AMLMPL/ADJ-ORDER-4/099082/2024 dated 20.02.2024 under section 454 read with section 203 (5) of the Companies Act, 2013 passed by the Registrar of Companies, Telangana for default in compliance with the requirements of Section 203 (1) read Connie?)

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with Rule 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

2. Registrar of Companies in his order of adjudication has stated that “Having considered the facts and circumstance of the case and after taking into account the factors and submissions made in the application and by the Authorized Representative during the hearing on 22.02.2024 and adjourned hearing on 21.03.2024 and the facts of the case it is proved beyond doubt that the company and the officer of the company have defaulted in complying the provisions under Section 203 (1) of the Act and made the offence good on 22th November 2021 with a delay of 421 days. In this regard, the company, and its officer in default (within the meaning of Section 2 (60) of the Companies Act, 2013).

ct and made the offence good on 22th November 2021 with a delay of 421 days. In this regard, the company, and its officer in default (within the meaning of Section 2 (60) of the Companies Act, 2013). I hereby impose penalty as under,

|Nature|of||Name||Name|Penalty as per Act.|Penalty as per Act.|Penalty as per Act.|Penalty|
|---|---|---|---|---|---|---|---|
|default||of|the/on||On|Total|Imposed|
|||Compa | default||||Continuou | Penalty|||
|||ny|||s Default|||
|Violation|of||SUTARA| Rs.|||487|Rs.|Rs.|
|Section 203|(1)}|ROADS | 5,00,000/ |Days*1000 | 9,87,000/|9,87,000/-||||||
|of|the||&|INFRA| -||=|Rs.| -||
|Companies|Act,||LIMITED|||4,87,000/-|||
|2013 r.w Rule 8||||||||
|of<br>Companies||||||||
|(Appointment||||||||
|and||||||||
|Remuneration of||||:||||
|Managerial||||||||
|Personnel) Rules||||||||
|2014||||||||

at aby

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ules|||||||| |2014||||||||

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```text
||Officer in Default|Penalty as per Act.|Penalty as per Act.|Penalty|
|---|---|---|---|---|
||On default |On||Total Penalty|!™posed||
|||Continuous|||
||Shri.<br>Audisesha| Rs.|487|Rs. 5,37,000/- |Rs. 5,37,000/-||
||Reddy<br>Putchalapalli |50,000/-|Days*1000=|||
||(Director)|Rs.|||
|||4,87,000/-|||
||Shri.<br>Mazharul<br>Haq| Rs.|487|Rs. 5,37,000/- | Rs. 5,37,000/-||
||Syed (Director)<br>50,000/-|Days*1000=|||
|||Rs.|||
|||||||
|||4,87,000/-|||
||Shri.<br>Ilyas<br>Ghulam| Rs.|487|Rs. 5,37,000/- |Rs. 5,37,000/-||
||Hussain<br>Ghouse| 50,000/-|Days*1000=|||
||(Director)|Rs.|||
|||4,87,000/-|||
|3.|A hearing was fixed on 11.02.2025 before the Regional Director (SER),||||
||Hyderabad and Mr. T. Ravi Prakash, PCS, Authorized|||Representative of|
||theCompanyattendedthehearing.|||,|

4. The company has violated the provisions of Section 203(1) of Companies Act, 2013 r/w Rule 8 of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 regarding non-appointment of Chief Financial Officer for the period 15.08.2022 to 20.12.2023.

5. Heard the appellant. It is observed that the ROC has imposed a penalty of Rs.9,87,000/- on the company and Rs.5,37,000/- on each director. whereas section 203(5) limits the penaulty for the violation of the section to a minimum of Rs. 5,00,000/-

has imposed a penalty of Rs.9,87,000/- on the company and Rs.5,37,000/- on each director. whereas section 203(5) limits the penaulty for the violation of the section to a minimum of Rs. 5,00,000/-

6. As per the understanding of the undersigned the RD can modify or setaside the order of the Adjudicating Officer in appeal if there is any legal, procedural as technical infirmity in the order of Adjudicating officer and Regional Director cannot reduce the penalty below the maximum specified in the section for any other reaso

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7. Hence, as the ROC has erred in fixing a penalty of Rs.9,87,000/- for company and Rs.5,37,000/- on each director. where the maximum penalty is fixed at Rs.5,00,000/-, therefore, the order of the ROC is modified to this extent and a penalty of Rs.5,00,000/- is hereby levied on the company and each director.

— ) -

Issued on this 4H day of April, 2025.

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Copy for information and necessary action to :

1. Registrar of Companies, Ministry of Corporate Affairs,

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

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Wal PbtaAT/ RICHA KUKREJA ears fete (Ua.S.3it.)/ REGIONAL DIRECTOR(S.E.R.) tauraia [HYDERABAD