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.Kanodia Cement Limited

BEFORE THE REGIONAL DIRECTOR (NORTHERN REGION)

Company Application No. RDNR/KANODIA/COMP/441/2025/A B6061274/A B6059069 In the matter of the Companies Act, 2013 - Section 44] In And the Matter ofKANODIA CEMENT LIMITED having Registered office at D-19, UPSIDC Land Industrial Area, Sikandrabad, Bulandshahr, Uttar Pradesh-203205.

In the matter of: |. Kanodia Cement Limited.

2. Mr. Vishal Kanodia. (Director)

3. Mr. Gautam Kanodia. (Director) 4. Mrs. Manju Devi Kanodia. (Director)

---Applicant(s)

Present:

Mr. Arun Kumar, Ld. FCS. Mr. Manish Kumar Singh, Ld. Advocate. Mr. Purnava Ganguly, Deputy Director.

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

Date of Hearing: 19.12.2025.

INTERIM ORDER

1. An application under section 621A/441. of the Companies Act, 1956/2013, for compounding of default committed u/s 383A/203 of the Companies Act, 1956/2013 was filed by the aforesaid Applicants vide Form GNL-1 through SRN AB6061274 and AB6059069 respectively.

2. Facts presented by the Presenting Officer:

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----- Start of picture text -----<br> (i) Factors tobe Considered | Remarks SSS<br>The gravity ofoffence: As per the Application, the Applicant Company failed to<br>appoint the Whole Time Company Secretary, which<br>resulted in the default u/s 383A of the Companies Act,<br>1956 and Section 203 of the Companies Act, 2013 rAv Rule<br>8A of the Companies (Appointment and remuneration of<br>Managerial Personnel), Rules, 2014 as below.<br>S. | Default under section Default period<br>No.<br>Section 383A of the | 714 days<br>Companies Act, 1956. | (from 18.12.2010 to<br>30.10.2012<br>2. | Section 203 of the | 121 days _<br>Companies Act, 2013. (from 01.11.2014 to<br>(Ii) 02.03.2015<br>The act is intentional or Unintentional.<br>unintentional:<br>(Iii) The maximum punishment | Section 383A(1A) of The Companies Act, 2013:<br>prescribed for such<br>a ‘ah17<br>Page Lof5 feu Gilhe *0,"ch<br>9 ees on 9 |<br>xo es) zy<br>EsEN N : rdA> if<br>----- End of picture text -----<br>

|offences, such as fine or | (1A) Jf.acompanyfails to comply with theprovisions of<br>imprisonment or both fine<br>sub-section (1), the company and every officer of the<br>and imprisonment:<br>companywho is in default, shall bepunishable withfine<br>whichmayextend to [five hundred] rupeesfor everyday|offences, such as fine or | (1A) Jf.acompanyfails to comply with theprovisions of<br>imprisonment or both fine<br>sub-section (1), the company and every officer of the<br>and imprisonment:<br>companywho is in default, shall bepunishable withfine<br>whichmayextend to [five hundred] rupeesfor everyday|offences, such as fine or | (1A) Jf.acompanyfails to comply with theprovisions of<br>imprisonment or both fine<br>sub-section (1), the company and every officer of the<br>and imprisonment:<br>companywho is in default, shall bepunishable withfine<br>whichmayextend to [five hundred] rupeesfor everyday|offences, such as fine or | (1A) Jf.acompanyfails to comply with theprovisions of<br>imprisonment or both fine<br>sub-section (1), the company and every officer of the<br>and imprisonment:<br>companywho is in default, shall bepunishable withfine<br>whichmayextend to [five hundred] rupeesfor everyday|
|---|---|---|---|
||||duringwhich the default continues -|
||||Section 203(5) of theCompanies Act,2013:|
||||“(5) If a company contravenes the provisions of this<br>section, the companyshall bepunishable withfine which<br>shallnotbelessthanonelakhrupeesbutwhichmayextend<br>tofive lakhrupeesandeverydirectorandkeymanagerial<br>personnel of the company who is in default shall be<br>punishable withfine which may extend tofifty thousand<br>rupees andwhere the contravention is a continuing one,<br>with afurther fine which may extend to one thousand<br>rupees for every day afier the first during which the<br>contravention continues. ”|
||||Fine Reported by theROC report:|
||||A. Default 1; For the default period from 18.12.2010 to<br>30.11.2012 [under section 383A(1A) of the Companies|
||||Act, 1956.]<br>(Delay<br>of714 days<br>Petitioner<br>____—_—_|<br>Maximum Fine (in Rs.)|<br>Kanodia<br>Cement | 3,57,000/-|
||||:|
||||Mr. Vishal Kanodia.<br>3,57,000/-|
||||3,57,000/-|
||||Kanodia.<br>*Fine Rs. 500/-x714 days= Rs. 3,57,000/-|
||||B.<br>Default 2: For the default period from 01.1 1.2014 to<br>02.03.2015 [under section 203(5) ofthe Companies Act,|
||||2013<br>(Delay<br>of 121 days<br>Petitione<br>|Minimu |Maximum<br>Total<br>r<br>m__<br>Fine| Fine/Addition | Fine<br>(din<br>(In Rs.)<br>al<br>Fine*<br>(in | Rs.)|
||||Rs.|
||||Kanodia | 1,00,000/ | 5,00,000/-<br>6,00,000/|
|pe<br>rNREGIN<br>fee guneen<br>A<br>ee<br>cae oe!|||Cement<br>-<br>Limited.<br>Mr.<br>50,000/- | *1,21,000/-<br>1,71,000/<br>=m aebled<br>Kanodia.<br>Mr.<br>§0,000/- |*1,21,000/-<br>1,71,000/<br>Gautam<br>-<br>Kanodia.|
|XenanN||OO.7|Page2of5|

|||Mrs.<br>50,000/- | *1,21,000/-<br>1,71,000/<br>Manju<br>-||
|---|---|---|---|
|||Devi||
|||Kanodia.||
|||*Fine Rs. 1,000/- x 12] days= Rs. *1,21,000/-||
|(iv)|The report of Registrar of |Receivedon22.10.2025 and 06.11.2025.<br>Companies:|||
|(v)|Theperiodofdefault:|I. From 18.12.2010 to 30.11.2012 (714 days) Default<br>undersection383A ofthe CompaniesAct, 1956.||
|||2. From 01.11.2014 to 02.03.2015 (121 days) Default<br>undersection203ofthe CompaniesAct, 2013.||
|(vi)|Whether<br>petition —for <br>compounding<br>is suo-moto||Suo-Motoapplication filedbytheApplicants.||
||before or after notice from|||
||the Registrar ofCompanies|||
||or after imposition of the|||
|(vii)|punishment or during the<br>pendency of a proceeding:<br>Whetherdefaulterhasmade <br>goodofthedefault:|| A. As per the application, the Board ofDirectors in their<br>meeting held on 15.11.2012 approved and passed the<br>reso**l**ution forAppointment ofMr. Adinath Banerjee as <br>Who e Time Company Secretary under Section 383A of<br>the Act, 1956 w.e.f. 01.12.2012. Subsequently Form 32<br>filed videSRN B66904046 dated 31.01.2013.|||
|||B. As per the application, the Board ofDirectors in their<br>meeting held on 02.03.2015 approved and passed the<br>resolution for appointment of Mr. Abhishek Saxena as<br>Whole TimeCompany Secretary under section 203 ofthe<br>Companies Act, 2013 w.e.f. 02.03.2015. Subsequently, e-<br>form<br>DIR-12<br>filed<br>vide<br>SRN<br>C47849088<br>dated<br>27.03.2015.||
|(viii)||Financial Condition of the<br>Company<br>and<br>other | <br>defaulter:|During the hearing Authorized Representative confirms<br> thattheturnoverofthecompany isRs.329Crores and the<br>profit is Rs. 1.67Crores as perthefinancial statements of<br>thecompany for the FY 2023-24,||
||Similar<br>offence|||
||compounded<br>in<br>last<br>three|||
||ears:|||
||The<br>act of defaulters<br>is |No.<br>prejudicial to the interest of|No.||
|||Page3of5<br>cas) ese|Cet|
|||\e,Gm||

eS

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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|the|member(s)|or|company|
|or|public|interest|or|not:|
|(xil)|||etc:Share value of|the company,_ | Unlisted Company.|
|(xiii)|||Any other|factor relevant to||A.|ROC|Kanpur,|vide|its|report|dated|28.10.2025,|for|
|the|case:|Compounding|u/s|383A|of|the|Companies|Act,|1956|||
|inadvertently|mentioned|Fine|as|Rs.|3,72,708/-|per|
|applicant,|but|it ought to have mentioned Rs. 3,57,000/-|per|||
|applicant|for 714 days|(Default|period).|
|B.|ROC|Kanpur,|vide|its|report|dated|16.10.2025,|for|
|Compounding|u/s|203(5)|of|the|Companies|Act,|2013|
|inadvertently|mentioned|Fine|for|the|Applicant Compariy|
|as Rs.|6,21,000/- but|it ought to have mentioned|Minimum|
|Fine|of|Rs.|1,00,000/-|and|Maximum|Fine|of|Rs.|
|5.00,000/-|for|121|days|(Default|Period).|
|C.|Authorized|Representative|submits|that|for the purpose|
|of|clarity|and|convenience|of|this|Forum,|two|separate|
|applications|have|been|filed|by|the|Applicants|vide|
|different|SRNs|for compounding|of default|regarding|non|
|appointment|of Company|Secretary|i.e,|first|u/s|383A|of|
|the|Companies|Act,|1956|for|the|period|from|18.12.2010|
|to|30.11.2012|and|the|second|u/s|203|of|the|Companies|
|Act,|2013|for|the|period|from|01.1 1.2014|to|02.03.2015|
|and|prays|for|disposal.|

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3. Compounding Fee levied for the default committed under Section 383A/203(5) of the Companies Act, 1956/2013 is as follows:

A. Default for the period from 18.12.2010 to 30.11.2012 [under section 383A(1A) of the

Companies Act, 1956.] (Delay of 714 days).

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||||||
|---|---|---|---|---|
|S. No.|Applicant Name|Compounding|fee payable|
|by|the|applicant|(in|INR)|
|Kanodia Cement|Limited.|Rs.|1,50,000/-|
|Mr.|Vishal|Kanodia.|Rs.|1,00,000/-|
|Mr. Gautam|Kanodia.|Rs.|1,00,000/-|
|Mrs. Manju|Devi|Kanodia.|Rs.|1,00,000/-|

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B. Default for the period from 01.11.2014 to 02.03.2015 [under section 203(5) of the ——__ Companies Act, 2013 (Delay of 121 2013 (Delay of 121 (Delay of 121 of 121 121 days). PEE

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----- Start of picture text -----<br> Act, 2013 (Delay of 121 2013 (Delay of 121 (Delay of 121 of 121 121 days). PEE Tate<br>S. No. Applicant Name Compounding fee paya pe a > 2re<br>by the applicant (in INRj eo ie ea<br>mV Dos<br>Page 4 of 5 “thtiees gae<br>----- End of picture text -----<br>

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----- Start of picture text -----<br> ie | Kanodia Cement Limited.<br>Mr. Vishal Kanodia.<br>Mr. Gautam Kanodia.<br>Mrs. Manju Devi Kanodia.<br>----- End of picture text -----<br>

Rs. 2,00,000/Rs. 1,50,000/Rs. 1,50,000/Rs. 1,50,000/-

4. Payment to be made within 15 days.

5. Any other details: Nothing as such.

Signed on the __ day of January 2026 at New Delhi.

_

(VINOD SHARMA) REGIONAL DIRECTOR (NR)

Entd. [2746 RDNR/KANODIA/COMP/441/2025/AB6061274/A B6059069

[2746 A278 Dated 07 JAN cane 6 JAN ten

1. Kanodia Cement Limited.

• D-19, UPSIDC Land, Industrial Area, Sikandrabad, Bulandshahr, U.P. India-203205.

2. Mr. Vishal Kanodia. H. No. 187, Sector-15A, Gautam Buddha Nagar, Noida, U.P-201301.

3. Mr. Gautam Kanodia. Marvila-1602, Mahagun Moderne, Sector-78, Noida, Gautam Buddha Nagar, Uttar Pradesh — 201301.

4. Mrs. Manju Devi Kanodia.

APH-3, Aditya Mega City, Vaibhav Khand Indirapuram, Shipra Sun City, Ghaziabad, U.P.-201014.

5. Registrar ofCompanies, Kanpur, Uttar Pradesh.

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