Compounding order under Section 441 of the Companies Act, 2013 for violation of Section 137 of the Companies Act, 2013 in the matter of M/s. Meiden T & D (India) Limited

: BEFORE THE REGIONAL DIRECTOR (NORTHERN REGION) Company Application No. RDNR/MEIDEN/COMP/137/F61074944/2025 In the matter of the Companies Act, 2013-Section 441 And In the Matter ofMEIDEN T&D (INDIA) LIMITED having registered office Unit 225-Vardhman Bahnhof Plaza, Pocket-7, Plot No.-10, Sector 12, Dwarka, New Delhi-110078.

In the matter of: 1. Meiden T&D (India) Limited. 2. Mr. Kazumi Ikarashi. 3. Mr. Rajnish Kumar. Present: Mr. Ashish Saxena, Ld. FCS. Mr. Shashi Raj Dara, Joint Director. Date of Hearing: 13.02.2025

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

ORDER

1. An application under section 441 of the Companies Act, 2013, for compounding of default committed u/s 137 ofthe Companies Act, 2013 was filed by the aforesaid Applicants vide Form GNL-1 through SRN F61074944.

2. As per the application, the applicants made a default in non-filing of Financial Statements within the statutory time period for Financial Year 2016-17 and Financial Year 2017-18 as per requirement of Section 137 of the Companies Act, 2013. The company ought to have filed the annual accounts latest by 30.10.2017 and 30.10.2018 but the same were filed on 05.04.2022 and 08.04.2022 for F.Y. 2016-17 and 2017-18, hence default.

3. The Registrar of Companies, NCT of Delhi and Haryana, has submitted its report vide letter received 15.01.2024, wherein it has been reported that:

i. The period of default is for the F.Y. 2016-17 and F.Y. 2017-18.

ii. |Nocomplaints pending against the Company.

iii, | No Prosecution has been filed in the matter before court. iv. No such offence has been compounded during the last three years. y. The Petitioner Company has made its default good in respect of contravention of section 137 of the Companies Act, 2013 by filling the annual accounts for F.Y. 2016-17 vide SRNT93919959 dated 05.04.2022 and for F.Y. 2017-18 vide SRN-T94534385 dated 08.04.2022 status of which are approved.

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----- Start of picture text -----<br> 4. Ld. FCS, for the applicant(s), is present and prays for compounding of default u/s 137 of the<br>Companies Act, 2013 for non-filing of Financial Statements for the F.Y. 2016-17 and F.Y.<br>2017-18. Further, he also prays for leniency as the default on account ofcompany being marked<br>in management dispute which is finally disposed of by the Hon’ble NCLT vide order dated<br>17.12.2021. Further, Ld. FCS also mentioned that due to amendments in Section 137(3) of the<br>Companies Act, 2013 w.e.f. 02.11.2018, the default in question has been made punishable with<br>penalty. The said offence is punishable with fine up to 02.11 .2018 and for rest of the period is<br>subjected to adjudication by the Adjudicating Authority/ROC Delhi u/s 454 of the Companies<br>oa Ae sing? oN :<br>Act, 2013 up to 05.04.2022 for the F.Y. 2016-17 and 2017-18. SOE<br>Nm HES rte ee<br>Page 1 of3 : _ : y ‘ a ia<br>----- End of picture text -----<br>

5. The Presenting Officer, Sh. Shashi Raj Dara, 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. Keeping in view of the facts and circumstances of the case and considering the submission made, by virtue of the powers vested with the Regional Director, the default u/s 137 of the Companies Act, 2013 is punishable u/s 137(3) of the Companies Act, 2013 with fine is compounded till 02.11.2018 subject to the payment of compounding fee of Rs. 1,50,000/- by the Company and Rs 1,00,000/- by each of the applicant directors for F.-Y. 2016-17 (delay of 369 days, calculated up to 02.11.2018) and Rs. 3,000/- by the Company and Rs. 1,00,000/- by each of the applicant directors for F.Y. 2017-18 (calculated up to 02.11.2018). Further, the applicants(s) are also directed to apply for adjudication before the ROC/Adjudicating Authority under-Section 454 of the Companies Act, 2013, as applicable for the rest of the default period, in case not applied.

   7. Pursuant to this Forum's directions dated 20.02.2025, compounding fees have been paid by the applicant(s) as per the details given below:

For Financial Year 2016-17:

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||||||||
|---|---|---|---|---|---|---|
|Name|Challan SRN No.|||Total Compounding|||Dated|
|fee|paid|in|INR|
|Meiden T&D|(India)|Limited.|X96374285|Rs.|1,50,000/-|05.03.2025|
|Mr. Kazumi|Ikarashi.|X96380514|Rs.|i,00,000/-|05.03.2025|
|Mr.|Rajnish|Kumar.|X96380787|Rs.|1,00,000/-|05.03.2025|
|For Financial|Year 2017-18:|
|Name|Challan SRN No.|||Total Compounding ||Dated|
|fee|paid|in|INR|
|Meiden T&D|(India)|Limited.|X96374285|Rs.|3,000/-|05.03.2025|
|Mr.|Kazumi|Ikarashi.|X96380514|Rs.|1,00,000/-|05.03.2025|
|Mr.|Rajnish Kumar.|X96380787|Rs.|1,00,000/-|05.03.2025|

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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.

Entd. er,

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C4 FEB 2025

1. Meiden T&D (India) Limited. 225 Vardhman Bahnhof Plaza, Pocket-7 Sector 12, Dwarka,

New Delhi, Delhi, India-110078.

2. Mr. Kazumi Ikarashi. (Through Company) 225 Vardhman Bahnhof Plaza, Pocket-7 Sector 12, Dwarka,

New Delhi, Delhi, India-110078.

3. Mr. Rajnish Kumar.

500, Akshardham Apartments, Pocket-3, Sector 19, Dwarka, New Delhi, Delhi-110078

4. Registrar of Companies, NCT of Delhi & Haryana has directed to take necessary action as per Section 454 of the Companies Act, 2013 for the rest of the default period.

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