IN FORCE MCA Regional Director 2025-12-24

Compounding order under Section 441 of the Companies Act, 2013 for violation of Section 96 of the Companies Act, 2013 in the matter of M/s.PEC Limited (Interim Order)

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BEFORE THE REGIONAL DIRECTOR (NORTHERN REGION) Company Application No. RDNR/PEC/COMP/441/2025/ N29228566 In the matter of the Companies Act, 2013 - Section 441 And In the Matter of PEC LIMITED having Registered office at F-Block, 3 Floor, F-Block, 3 Floor, 3 Floor, Floor, Flatted Factory Complex, F & G Block Jhandewalan Jewellery Complex Rani Jhansi Road, South Delhi, Delhi, 110055.

And office at F-Block, 3 Floor, F-Block, 3 Floor, 3 Floor, Floor, Flatted i

In the matter of: 1. PEC Limited. 2. Mr. Kapil Gupta, (Director).

.. Applicants

Present: Ms. Atima Khanna, Ld. PCS. Ms. Aruna M, Assistant Director.

....For Applicant(s) ....Presenting Officer

Date of Hearing: 12.11.2025

INTERIM ORDER

An application under section 441 of the Companies Act, 2013, for compounding of default committed u/s 96(1) ofthe Companies Act, 2013 was filed by the aforesaid Applicants vide Form GNL-1 through SRN N29228566.
Facts presented by the Presenting Officer: Factors tobe Considered[_———SRemarks] | (i) The gravity of offence: The Company has failed to hold the Annual General Meetings (AGMs) within the stipulated time period pursuant to the Provision of section 96 of the Act. The AGMs of the company for F.Y. ended 31.03.2019, 31.03.2020 & 31.03.2021 was required to be held on or before 31.12.2019, 31.12.2020 & 30.11.2021 but the same was held on 24.02.2020 (55 days Delay), 31.03.2021 (90 days Delay) & 23.12.2021 (23 days Delay) respectively,

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----- Start of picture text ----- unintentional: (iii) The maximum punishment prescribed for such | Section 99 of The Companies Act, 2013: offences, such as fine or | "If any default is made in holding a meeting ofthe company imprisonment or both fine | in accordance with the section 96 or séction 97 or section 98 and imprisonment: or in complying with any directions ‘of the Tribunal, the company and every officer of the company who is.in default shall be punishable with fine which may extend to one lakh rupees and in the case of a continuing default, with a further ----- End of picture text -----

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|||||||||
|---|---|---|---|---|---|---|---|
|fine which may extend to|five thousand rupees|for every day|
|during|which|such|default|continues"|
|Fine|reported/recommended|by|the ROC,|is|as|follows:|
|F.Y.|2018-19:|
|Name|of ||Fine|Additional|||Total|Fine|
|in|Rs.)*|
|PEC|1,00,000/-|||2,70,000/-|||3,70,000/-|
|ii,|| SOOM|[270000|370m|
|Mr.|Kapil|||1,00,000/-|||2,70,000/-|||3,70,000/-|
|Gupta.|
|*For the|purpose|of additional|fine:|
|Rs.|5000/-X|54|days=|Rs.|2,70,000/-|
|FE.Y.|2019-20:|
|Name|of ||Fine|Additional|||Total|Fine|
|in|Rs.)*|
|Limited.|
|Gupta.|
|*For the|purpose|of additional|fine:|
|Rs.|5000/-X|89|days=|Rs.|4,45,000/-|
|F.Y.|2020-21:|
|Name|of|||Fine|Additional|||Total|Fine|
|applicants|(in|Rs.)|Fine|(in|Rs.)|
|in|Rs.)*|
|Limited.|
|Gupta.|
|*For the|purpose|of additional|fine:|
|Rs.|5000/-X 22|days=|Rs.|1,10,000/-|
|The|report|of Registrar|of|| Report ofROC dated 22.04.2025.|attached with the petition.|
|Companies:|
|(v)|The period of default:|F.Y- 2018-19|[55|days|delay]|
|{31.12.2019 to 24.02.2020}|a|BIR ARS|
|F.Y-2019-20|Op Eig|AS|
|{31.12.2020|[90 days delay]|he eS Gag|ey|
|to 31.03.2021}|oe|pa|%|
|F.Y-2020-21|[23|days|delay]|xo,|Giusy|*|
|{30.11.2021|to 23.12.2021}|So og/|

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----- Start of picture text ----- (vi) Whether petition for | Suo-Moto application filed by the Applicants. compounding is suo-moto before or after notice from the Registrar ofCompanies or after imposition of the punishment or during the pendency of a proceeding: (vii) Whether defaulter has | The Petitioner Company has made its default good in made good of the default: | respect of the contravention of section 96(1) of the Companies Act, 2013 by holding the Annual General Meetings on 24.02.2020, 31.03.2021 & 23.03.2021 for FY 2018-19, FY 2019-20 and FY 2020-21 respectively, and has also filed AOC-4 eform and MGT-7, status of which are approved. The Tabular format contains such information yarnFinancial |[S0C4AOC-4 [MorrMGT-7 2018-19 SRN SRN | 2R 3 .03.20206063592; | R2 3 .04.20207496486; 2019-20 SRN SRN T35906692; | 137143997; 17.08.2021 24.08.2021 2020-21 SRN SRN 178535614; | T90526161; (vili) 11.02.2022 _| 25.03.2022 | Financial Condition of the | During the hearing, Ld. PCS confirms that the Company Company and _ other | has a turnover of Rs. 360.81 Lacs and Loss of Rs. defaulter: 33976.73 Lacs for the FY 2023-24. (ix) Similar offence | No. compounded in last three ears: (x) The act of defaulters is | No. prejudicial to the interest of the member(s) or company or public interest or not: Share value of the | Unlisted Company. company, etc: (xiii) | Any other factor relevant | Ld. PCS prays for compounding and submits that this a to the case: government company, which is having almost NIL business and is in the verge of closure, therefore, only one director of the company has applied for compounding for self as well as for the company. 3... Compounding Fee levied for the default committed under Section 96 of the Companies Act, 2013 for F,Y.:2018-19, 2019-20 and F.Y. 2020-21 is as follows: ----- End of picture text -----

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----- Start of picture text ----- S. No. Applicant Name Default period Compounding fee payable by the applicant (in INR) 1 PEC Limited. FY 2018-19, Rs. 70,000/- for each year of FY 2019-20 default. And FY 2020-21 2 Mr. Kapil Gupta. FY 2018-19, Rs. 25,000/- for each year of FY 2019-20 default. And FY 2020-21 ----- End of picture text -----

4, Payment to be made within 15 days.

Any other details: Nothing as such.

Signed onthe __ day of December, 2025 at New Delhi. 19 DEC 20%

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(VINOD SHARMA) REGIONAL DIRECTOR (NR)

Entd... RDNR/PEC/COMP/441/2025/ N29228566 |(FIX—UF aH

Dated 4.9 DEC aye2495

PEC LIMITED. F-Block, 3" Floor, Flatte Factory Complex, F & G Block Jhandewalan Jewellery Complex Rani Jhansi Road, South Delhi, Delhi, 110055.

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