Compounding order under Section 441 of the Companies Act, 2013 for violation of Section 383A/203 of the Companies Act, 2013 in the matter of M/s.Milestone Realcon Limited (Interim Order)

BEFORE THE REGIONAL DIRECTOR (NORTHERN REGION)

Company Application No. RDNR/MILESTONE/COMP/441/2025/F98268493 In the matter of the Companies Act, 2013 - Section 441 And

In the Matter of MILESTONE REALCON LIMITED having Registered office at E-124, Vishwakarma Colony, 1‘ Floor, M.B. Road, Lal Kuan, New Delhi-110044.

In the matter of:

1. Milestone Realcon Limited.

2. Mr. Vijay Kumar. (Director).

3. Mr. Prathi Singh, (Director).

4+. Mr. Tarun Arya, (Director).

5. Mr. Puneet Khurana. (Director).

6. Ms. Gunjan Khurana, (Director).

Present: Mr. Hitesh Goyal, Ld. PCS. Ms. Aruna M, Assistant Director.

..- Applicants

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

Date of Hearing: 10.12.2025

INTERIM ORDER

1. An application under section 441 of the Companies Act. 2013. for compounding of default committed u/s 96 of the Companies Act, 2013 was filed by the aforesaid Applicants vide Form GNL-I through SRN F98268493.

||>|Facets|Facets||presented by the Presenting Officer:||
|---|---|---|---|---|---|---|
||<br>|<br>|<br>||S.NO.<br>(1)<br>|<br>|||||||Factors tobeConsidered<br>Remarks<br>a<br>Thegravity ofoffence:<br>Asperthe application. the Company has failedtoholdthe<br>AnnualGeneralMeeting(AGM)withinthestipulatedtime<br>period pursuant to theprovision ofsection96ofthe Act.<br>The AGM of the company for the financial year ended<br>31.03.2023 was required to be heldonorbefore30.09.2023||
||||||but the same was held on 04.06.2024 (248 days delay),<br>hence default.||
||(ii)||||The act is intentional or |Unintentional.||
||||||unintentional:||
||(iii)||||The maximum punishment||
||||||prescribed<br>for<br>such | Section 99 ofTheCompanies Act,2013:<br>offences, such as fine or||
||<br>—_|||<br>||||imprisonment ¢or-beth fine |"Ifanydefault ismadeinholdingameetingofthecompany<br>andimprisoniafentge | 22. in accordance with the section 96 or section 97 or section<br>fe<br>3 py te oa\98orincomplyingwithanydirectionsofthe Tribunal. the<br>[eo tLe<br>“s'};¢ompanyandeveryofficer of thecompanywhoisindefault<br>i<br>2<br>By<br>:’shall bepunishable with finewhichmayextend toonelakh||<br>||
||||||“f<br>.<br>“eo<br>Pagelof4||

||||||||rupees and in the caseofacontinuingdefault,withafurther|<br>finewhichmayextend to fivethousand rupees forevery<br>| dayduringwhich such defaultcontinues”||<br>|<br>|||
|---|---|---|---|---|---|---|---|---|
|||||||Fine reported/recommended by theROC, is as follows:|||
|||||||Name<br>of| Fine<br>Additional<br>Total Fine<br>applicants<br>(in Rs.)<br>Fine<br>(in Rs.)<br>| (in Rs.) *|||
|||||||Realcon|||
|||||||||Limited.<br>| Mr.<br>Vijay<br>12.35.000/- | 13.35.000/-<br>| | Kumar.<br>| Mr.<br>Prathi<br>12.35,000/-<br>|13.35,000’-||<br>| |||
||||||||| Mr.<br>Tarun<br>12.35,000/-<br>| 13.35.000/-<br>|| Arya.<br>|<br>| Mr.<br>Puneet | 1,00,000/- |**8.95.000/-<br>| 9.95.000/-<br>|<br>Khurana.<br>|<br>(till<br>|<br>|<br>| cessation.<br>|<br>dated||<br>|<br>||<br>|||
|||||||28.03.2024|||
|||||||Ms. Gunjan| 1,00,000/- |**8,95,000/- | 9,95,000/-|||
|||||||Sharma. (till|||
|||||||'| cessation.|||||
|||||||| 28.03.2024)||||
|re||~||||*For the purpose ofadditional fine:<br>"Rs,5000/-X247days=Rs. 12,35,000/-<br>| **For thepurpose ofadditional fine:||<br>|||
|||||||Rs.5000/-X 179days=Rs. 8.95.000/-||||
||||||Companies:||||
|||(v)|||Theperiodofdefault:|Financial Year2022-23. (248 days delay)<br>{30.09.2023 to 04.06.2024}.|||
|||(vi)<br>(vil)<br>_|||Whether<br>petition<br>for <br>compounding is suo-moto<br>before or after notice from<br>theRegistrarof Companies<br>or after imposition of **the**<br>punishment or during<br>pendency ofa proceeding:<br>Whether<br>defaulter<br>has<br>madegood ofthe default:||Suo-Moto application filedbythe Applicanss,, &°'Ord BN<br>[BP<br>“Soy eh<br>{zs “tg?<br>ST}<br>ee<br>en<br>5<br>4.'<br>\: rd<br>pe/<br>aXe. ~ Cet<br>eeae<br>| The Petitioner Company has made its default good in<br>|<br>‘respect of the contravention of Section 96(1)<br>of the||||

re

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----- Start of picture text -----<br> |<br>| | Companies Act. 2013 by holding the AGM for the F.Y.<br>| 2022-23vide SRNonN9695168604.06.2024datedand has23.07.2024also filedand AOC-4MGT-7e-formvide<br>| SRN N96950688 dated 23.07.2024. status of which are<br>approved.<br>(viii) | Financial Condition of the | During the course of hearing Ld. PCS confirms that the<br>Company and other | turnover of the Company is Rs. 5.75 Crores<br>defaulter: (Approximately) as per MGT-7 filed for the FY 2022-23.<br>(ix) Similar offence | No.<br>compounded in last three<br>years:<br>| (x) The act of defaulters is | No.<br>| prejudicial to the interest of | |<br>| the member(s) or company | |<br>| or public interest or not:<br>(xii) Share value of the<br>_<br>| Unlisted Company.<br>| company. etc: |<br>| (xiii) | Any other factor relevant to During the course of hearing Ld. PCS for all the applicants |<br>|| the case: | places on record an addendum along with affidavit and |<br>| Power ofAttorney duly signed by Mr. Puneet Khurana and<br>| _ Ms. Gunjan Khurana who were reported as non-applicant |<br>| Officers in default by the ROC in its report dated |<br>| 10.02.2025.<br>|<br>3. Compounding Fee levied for the default committed under Section 96 of the Companies<br>Act, 2013 for F.-Y. 2022-23 is as follows:<br>| S.No. Applicant Name Default period Compounding fee payable |<br>| | by the applicant (in INR) |<br>Milestone Realcon Limited. 2022-23. Rs. 4,00.000/-<br>2 Mr. Vijay Kumar. 2022-23. Rs. 1.50.000/- _|<br>Mr. Prathi Singh. Rs. 1,50,000/-<br>4 Mr. Tarun Arya. Rs. 1.50,000/-<br>6 | Ms. Gunjan Sharma. 2022-23. Rs. 1,50,000/-<br>4. Payment to be made within 15 days.<br>5. *y<br>Any other details: Nothing as such.<br>Signed onthe _ day of January 2026 at New Delhi. [Es neeFig<br>Page 30f4 \ , an a<br>----- End of picture text -----<br>

(VINOD SHARMA) REGIONAL DIRECTOR (NR)

Entd. . RDNR/MILESTONE/COMP/441/2025/F98268493 /2.¢59—/2%€9

Dated

1. Milestone Realcon Limited.

• E-124. Vishwakarma Colony, 1‘' Floor, M.B. Road, Lal Kuan, New Delhi-110044.

2. Mr. Vijay Kumar.

• J-113. Sector 10 DLF Faridabad, Haryana-121001.

3. Mr. Prathi Singh. Ward No. 3, Near New Anaj Mandi. Friends Colony, Hodal, Haryana-121106.

4. Mr. Tarun Arya. IL No. 1090, Sector 7C. Ballabhgarh, [aryana-121006.

5. Mr. Puneet Khurana. H. No. 886, Sector I8hbe Kheri Kalan. Faridabad. Haryana-121002.

6. Ms. Gunjan Khurana.

• C/o Meenakshi Rani, C. Dot Mandi Gaon Road, Fatehpur Beri, South Delhi-110074.

7. Registrar of Companies. NCT of Delhi & Haryana.

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