Compounding Order under Section 441 of the Companies Act, 2013 in the matter of M/s.Sri Annamalai Benefit Fund Limited

CA No. 439/Sec.441/ RD (SR)/2025-26 BEFORE THE REGIONAL DIRECTOR (SOUTHERN REGION) MINISTRY OF CORPORATE AFFAIRS CHENNAI IN THE MATTER OF THE COMPANIES ACT 2013 AND SECTION 441 OF CA 2013 IN THE MATTER OF M/s. SRI ANNAMALAI BENEFIT FUND LIMITED CorLdt

1. M/s. Sri Annamalai Benefit Fund Limited
2. Mr. Ravindran Sivasubbu, Director
3. Mr. Raja Eswara Selvi Govindhan, Director
4. Mr. Rajasekaran, Director . ... Applicants Date of Hearing Present 17.02.2026 & 05.03.2026 Mr. Thamizhvanan, Practicing Company Secretary ORDER This is an application filed under Section 441 of the Companies Act, 2013 by the above applicants for compounding of offence committed under Rule 7(3) of Nidhi Rules, 2014 SI. No.

Violation Details/Nature of Violation Rule 7(3) of Nidhi Rules, 2014 As per Sec. 4Cmo ;mm;mmTmmmim "Mutual Benefit Society" means a company which the Central Government may, by notification in the Official Gazette, declare to be a Nidhi or Mutual Benefit Society, as the case may be. As per Rule 7(3) of the Nidhi Rules, "Every Nidhi shall allot to each deposit holder at least a minimum of 10 equity shares or shares equivalent to one hundred rupees, provided that a savings account holder and a recurring deposit account holder shall hold at least one equity shares of rupees ten" . The Ministry, while processing NDFI-4, observed that the company has allotted shares to members which are less than ten equity share or amounts of less than Rs. 100, thereby violated Rule 7(3) of the Nidhi Rules. 2014. 2. The Registrar of Companies, Chennai vicite letter dated 23.01.2026 had reported that the company had filed Form GNL-1 vide SRN: AC1087211 dated 22.01.2026. ROC hag further reported that this is the first offence and that no prosecution is filed for the above said offence. Also, Roc has conveyed no objection for compounding the violation. 3. The applicants have moved compounding application, informing that the offence was not wilful or deliberate and was only due to inadvertence. 4. At the hearing held on 17.02.2026 & 05.03.2026, the Authorized Representative of the Applicants had reiterated the submissions made in the application and prayed to take a lenient view

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1. M/s. Sri Arrnamalai Benefit Fund Limited No. 60, Kubera Street, Villupuram – 605 602.
2. Mr. Ravindran Sivasubbu, Director No. 23, Thiruppanalwar Street, East Shanmugapuam Villupuram – 605 602.
3. Ms. Raja Eswara Selvi Govindhan, Director No. #38, Thiyagarajar Stnet, Villupuram - 605 602.
4. Mr. Rajasekaran, Director No. #38, Thiyagarajar Stl:ret, Villupuram - 605 602
5. The Registrar of Companies, Chennai.