Compounding order under Section 441 of the Companies Act, 2013 for violation of Section 90 of the Companies Act, 2013 in the matter of M/s.Radicalpay Private Limited

BEFORE THE REGIONAL DIRECTOR (NORTHERN REGION) Company Application No. RDNR/RADCIALPA Y/COMP/90/2025/ F95981429 In the matter of the Companies Act, 2013-Section 441 And

In matter of RADICALPAY PRIVATE LIMITED registered office at Room 203, 2-A/3, Kundan Mansion, Asaf Ali Road, New Delhi-110002.

In the matter of:

1. Radicalpay Private Limited.

2. Mr, Thomas Ban Kiat Chia.

3. Mr. Ranjan Kumar Pathak.

.... Applicants

Present:

Ld. PCS Arunesh Kumar Dubey

Ms. Aruna M, Assistant Director

... For Applicants .... Presenting Officer

Date of Hearing: 29.09.2025

ORDER

1. An application under Section 441 of the Companies Act, 2013 filed for the compounding of offence u/s 90 of the Companies Act, 2013 through SRN F95981429.

2. The Registrar of Companies, NCT of Delhi & Haryana has submitted its report vide letter dated 03.09.2024 wherein it has been reported that the default u/s 90 of the Companies Act, 2013 r/w Rule 3 of the Companies (Significant Beneficial Owners) Rules, 2018 is punishable u/s 90(1 1) of the Act which is subjected to adjudication u/s 454 of the Act, therefore, the instant Compounding application is not maintainable.

3. Ld. PCS for the Applicant(s) confirms that the default u/s 90 of the Companies Act, 2013 is subjected to adjudication and an application u/s 454 of the Companies Act, 2013 ought to have been filed before the Adjudicating Authority instead of Compounding application, therefore, Ld. PCS, vide letter dated 29.09.2025, prays to withdraw the compounding application.

4. The Presenting Officer, Ms. Aruna M, Assistant Director, submits that the withdrawal is permissible at any stage before the application is disposed of and therefore may be considered for approval.

5. The prayer of Ld. PCS for withdrawal of compounding application is considered and allowed. The Compounding application is dismissed as withdrawn, hence, disposed of accordingly.

Signed on the day of December 2025 at New Delhi

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2. Mr. Thomas Ban Kiat Chia. Room 203, 2-A/3, Kundan Mansion, Asaf Ali Road, New Delhi-110002. (Through Company)

3. Mr. Ranjan Kumar Pathak.

   • A 133/1, Vijay Vihar Phase-1, Raja Pur Kalan, North West Delhi-110085.

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4. The Registrar of Companies, NCT of Delhi & Haryana.

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