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.Paytel Terminal Private Limited

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BEFORE THE REGIONAL DIRECTOR (NORTHERN REGION)

Company Application No. RDNR/PAYTEL/COMP/441/2025/F62143268 In the matter of the Companies Act, 2013 - Section 441 And

In the Matter of PAYTEL TERMINAL PRIVATE LIMITED having Registered office at C-312, C Block, Defence Colony, New Delhi-110024.

In the matter of:

1. Paytel Terminal Private Limited.

2. Mr. Rishi Vashisht, (Director).

3. Mr. Arjun Vashisht, (Director).

Present: Mr. Rishi Vashisht, Director. Mr. Krishan Kumar, Assistant Director.

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----- Start of picture text -----<br> ...-Applicants<br>----- End of picture text -----<br>

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

Date of Hearing: 24.12.2025.

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-1 through SRN F62143268.

2. Facts presented by the Presenting Officer:

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----- Start of picture text -----<br> (1) TheFactorsgravity tobeof Considered offence: |__—sRemarks—SS—=*dThe Company has failed to hold the Annual General<br>Meeting (AGM) within the stipulated time period pursuant<br>to the provision of section 96 of the Act. The AGMofthe<br>company for the financial year ended 31.03.2022 was<br>required to be held on or before 31.12.2022 (Being the first<br>AGM of the Company) but the same was held on<br>08.05.2023 (128 days delay), hence default.<br>The act is intentional or | Unintentional.<br>unintentional:<br>(iii) The maximum punishment<br>prescribed for such | Section 99 of The Companies Act, 2013:<br>offences, such as fine or<br>imprisonment or both fine | "If any default is made in holding a meeting of the company<br>and imprisonment: in accordance with the section 96 or section 97 or section<br>98 or in complying with any directions of the Tribunal, the<br>company and every officer of the company who is in default<br>shall be punishable with fine which may extend to one lakh<br>rupees and in the case of a continuing default, with a further<br>—s fine which may extend to five thousand rupees for every<br>ites aT day during which such default continues"<br>ESBh: oe BEB,= REGG daeFAN,“ooh<br>bas ORT OS Page 1 of 3<br>a na _ o 6 wf<br>----- End of picture text -----<br>

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|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Fine|reported/recommended|by|the ROC,|is|as|follows:|
|Name|of ||Fine|Additional|||Total|Fine|
|applicants|(in|Rs.)|Fine|(in|Rs.)|
|in|Rs.)|*|
|Terminal|
|Private|
|Limited.|
|Vashisht.|
|Vashisht.|
|*For|the|purpose|of additional|fine:|
|Rs.|5000/-X|128|days=|Rs.|6,40,000/-|
|Companies:|
|(v)|The period|of default:|Financial|Year 2021-22|(128|days|delay)|
|{31.12.2022|to|08.05.2023}.|
|(vi)|Whether|petition|_ for|||Suo-Moto|application|filed by the Applicants.|
|compounding|is|suo-moto|
|before|or|after|notice|from|
|the|Registrar|of Companies|
|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|AGM|for|the|F.Y.|
|2021-22|on|08.05.2023|and|has|also|filed|AOC-4|e-form|
|vide|SRN|F61573226|dated|26.05.2023|and|MGT-7A|vide|
|SRN|F61574760|dated|26.05.2023,|status|of|which|are|
|approved.|
|(viii)|| Financial|Condition|of the|||During|the|hearing|the|applicant,|Mr.|Rishi|Vashisht,|
|Company|and-|other|| submits|that|the|turnover|of the|Company|is|Rs.|5|Lakhs|
|defaulter:|”|git|(Approximately)|and|Loss|is|Rs.|Rs.|3|Lakhs|
|,|(Approximately)|for the|FY|2021-22.|
|compounded|in|last|three|
|ears:|
|(x)|The|act|of|defaulters|is|||No.|te|att|
|prejudicial to the|interest of|74|R REGSAB|
|the member(s)|or company|fag?|te|Cys|
|or|public|interest or not:|ae|on|a t\|
|company,|etc:|_|on|}|
|Page|2 of 3|SLED ae a|

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• (xiii) _/ Any other factor relevant to | The applicant, Mr. Rishi Vashisht, prays for leniency as the the case : default was on account of dispute between the management and the first statutory auditor of the Company.

3. Compounding Fee levied for the default committed under Section 96 of the Companies Act, 2013 for F.Y. 2021-22 is as follows:

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----- Start of picture text -----<br> S. No. Applicant Name Default period Compounding fee payable<br>by the applicant (in INR)<br>] Paytel Terminal Private F.-Y. 2021-22 Rs. 1,50,000/-<br>Limited.<br>Mr. Rishi Vashisht. FY, 2021-22 Rs. 70,000/-<br>Mr. Arjun Vashisht. F.Y, 2021-22 Rs. 70,000/-<br>----- End of picture text -----<br>

4. Payment to be made within 15 days.

5. Any other details: Nothing as such.

Signed onthe __ day of January 2026 at New Delhi.

(VINOD SHARMA) REGIONAL DIRECTOR (NR)

Entd. . RDNR/PAYTEL/COMP/441/2025/F62143268 |2627—IZ1°CL Dated

07 JAN care

• 1, Paytel Terminal Private Limited.

• C-312, C Block, Defence Colony, New Delhi-110024.

2. Mr. Rishi Vashisht.

• C-312, C Block, Defence Colony, New Delhi-110024.

3. Mr. Arjun Vashisht.

• C-312, C Block, Defence Colony, New Delhi-1 10024.

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

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