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.Sinochem India Company Private Limited (Final Order)

BEFORE THE REGIONAL DIRECTOR (NORTHERN REGION) Company Application No. RDNR/SICPL/COMP/96/2025 /F24312795 In the matter of the Companies Act, 2013-Section 441

And In the Matter of SINOCHEM INDIA COMPANY PRIVATE LIMITED having registered office at 216, Khaneja Complex, Rita Block, Shakarpur, New Delhi, Delhi-110092,

In the matter of:

1. Sinochem India Company Private Limited.

2. Mr. Wei Zhang, (Director).

3. Mr. Cheng Haiyan, (Director).

4. Mr. Zhao Yichao, (Director).

Present: Mr. Avtar Singh, Ld. Advocate. Mr. Prahlad Meena, Joint Director.

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

Date of Hearing: 23.03.2023

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 F24312795.

2. As per the application, the Annual General Meeting (AGM) of the company for Financial year ended 31.03.2021 was required to be held on or before 30.11.2021 (Extended time as per extension order no. ROC/DELHI/AGM EXT/2021/5464 dated 23.09.2021) but the same was held on 28.01.2022, (58 days delay) hence default.

3. The Registrar of Companies, NCT Of Delhi & Haryana, has submitted his report vide letter dated 02.02.2023 wherein it has been reported that:

   • i. The period of default in holding the AGM for the F.Y 2020-21 (Delay of 58 Days), is from 01.12.2021 to 28.01.2022.

• li. Complaints are pending against the Company on MCA Portal.

• iii. No Prosecution has been filed in the matter before court. iv. No such offence has been compounded during the last three years. v. The Petitioner Company has made its default good in respect of the contravention of Section 96(1) of the Companies Act, 2013 by holding the AGM for the F.Y. 2020-21 on 28.01.2022 and has also filed AOC-4 e-form vide SRN T86921996 dated 14.03.2022 and MGT-7 vide SRN 784465426 dated 04.03.2022, status of which are approved.

• Zo gid Prd. Advocate, for the applicant company and its three applicant directors, are

• | eli OAD BS Sent and pray for compounding of default u/s 96 of the Companies Act,

• wed race 2018 for not holding the AGM of the company for the F.Y. 2020-21 which was a eM ;

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required to be held on or before 30.11.2021 but the same was held on 28.01.2022.

5. The then Presenting Officer, Mr. Prahlad Meena, Joint Director, based on the ROC report and the information available on MCA portal, has informed that the procedural compliances under section 441 of the Companies Act, 2013 and the Rules for compounding have been duly complied.

6. Keepingin view of the facts and circumstances of the case and considering the submission made, by virtue of the powers vested with the then Regional Ditector, the default under section 96 of the Companies Act, 2013 is compounded subject to the payment of compounding fee of Rs. 1,00,000 /- by the company and Rs. 50,000/- by each of the Applicant Director.

7. Pursuant to this Forum's directions dated 23.03.2023, compounding fees have been paid by the applicant(s) as per the details given below:

|Sinochem<br>India |00635184547|Sinochem<br>India |00635184547|Rs. 1,00,000/-|30.03.2023|
|---|---|---|---|
|Company<br>Private||||
|Limited.||||
|Mr. Wei Zhang.|00635178213|Rs. 50,000/-|30.03.2033|
|Mr. Cheng Haiyan. |00635178602||Rs. 50,000/-|30.03.2023|
|Mr.ZhaoYichao.|00635182752|Rs.50,000/-|30.03.2023|

8. In view of the aforesaid and compounding fees having been paid by the applicants, the aforementioned offence is hereby compounded in respect of the applicants.

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

VY (VINOD SHARMA) REGIONAL DIRECTOR (NR) i370 ETT = 20 JAN 2005 Entd. . RDNR/SICPL/COMP/96/2025/F24312795 Dated

1. Sinochem India Company Private Limited. 216, Khaneja Complex, Rita Block, Shakarpur, New Delhi, Delhi-110092.

2. Mr. Wei Zhang. (Through Company) ioe” ; Cig 216, Khaneja Complex, Rita Block, Shakarpur, fxg ‘2a Aen New Delhi, Delhi-110092. 3 e. oa

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3. Ms. Cheng Haiyan. (Through Company) 216, Khaneja Complex, Rita Block, Shakarpur, New Delhi, Delhi-110092.

4. Mr. Zhao Yichao. (Through Company) 216, Khaneja Complex, Rita Block, Shakarpur, New Delhi, Delhi-110092.

5. Registrar of Companies, NCT of Delhi and Haryana.

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