Compounding Order under Section 441 of the Companies Act, 2013 in the matter of M/s. NAGA CODE ST. ANTONY'S NIDHI LIMITED

CA No. 470/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. NAGACODE ST. ANTONY’S NIDHI LIMITED

1. M/s. Nagacode St. Antony’s Nidhi Limited
2. Mr. Sudharson James, Managing Director . . .. Applicants Date of Hearing Present 17.03.2026 Mr. Amirtha Rajan, Chartered Accountant 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 5(2) of Nidhi Rules, 2014 SI. No.

Violation Details/Nature of Violation Rule 5(2) of Nidhi Rules, 2014 As per Sec. 406(1) of the Companies Act, 2013, in this section, “Nidhi" or "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 5(2) of Nidhi Rules, 2014, "Within ninety days from the close of the first financial year after its incorporation and where applicable, the second financial year, Nidhi shall file a return of statutory compliances in Form NDFI-1 along with such fee as provide in Companies (Registration Offices and Fees) Rules, 2014 with the Registrar duly certified by a company secretary in practice or a chartered accountant in practice or a cost accountant in practice" . The Ministry, while processing the NDH-4, observed that the company has failed to file NDF+,1 within the prescribed time limit, mandated in Rule 5(2) of the Nidhi Rules, 2014. 2.

ntant in practice" . The Ministry, while processing the NDH-4, observed that the company has failed to file NDF+,1 within the prescribed time limit, mandated in Rule 5(2) of the Nidhi Rules, 2014. 2. The Registrar of Companies, Chennai vide letter dated 23.02.2026 had reported that the company had filed GNL-1 vide SRN: ACl193018 dated 10.01.2026. ROC has further reported that this is the fhst offence and that no prosecution is filed for the above said offence. Also, Roc has conveyed no objection for compounding the violation. 3. The apph(.'ants have moved compounding application, informing that the offence was not wmI or deliberate and was only due to inadvertence. 1 #)

At the hearing held on 17.03.2026, the Authorized Representative of the Applicants had reiterated the submissions made in the application and prayed to take a lenient view. 5. That taking into consideration the submissions made, facts of the case and the report of Registrar of Companies, Chennai dated 23.02.2026, the following compounding fees were directed to be paid as pre-.condition for compounding the above said offence committed by the applicants. Applicant Compounding fee payable by applicants (in Rupees) M/ s. Nagacode St. Antony’s Nidhi Limited 10,000.00 5,000.00 Mr. Sudharson James, Managing Director 15,000.00 6. That pursuant to the above directions, the applicants have remitted the compounding fees imposed and submitted receipts evidencing payment of compounding fees as detailed below: Applicant SRN No./Date Amourlt Paid (Rs.) 10,000.00 M/ s. Nagacode St.

ants have remitted the compounding fees imposed and submitted receipts evidencing payment of compounding fees as detailed below: Applicant SRN No./Date Amourlt Paid (Rs.) 10,000.00 M/ s. Nagacode St. Antony’s Nidhi Limited UU2417191 dated 24.03.2026 UU2417257 dated 24.03.2026 Mr. Sudharson James, Managing Director 5,000.00 TOTAL 15,000.00 Therefore, the offences as mentioned above as agajnst the said two applicants stands compounded and the compounding application is hereby allowed and disposed off 7. The Company is directed to give intimation to the Registrar of Comparti.es concerned within 7 days from the date on wtdch the offence is so compounded in compliance of Sub-Section (3)(b) of Section 441 of the Companies Act, 2013 and the company shall also file this order as per the provisions of Section 441(4) read with Section 403 of the Companies Act/ 2013 in efOIrm No. 1NC-28 within 30 days from the date of receipt of this order. Dated at Chennai this the p !ri1. 2026
.) REGII =CTOR

1. M/s. Nagacode St. Antony’s Nidhi Limited No. 13, St. Antony’s Church Campus Nagacode, Kulasekharam Post, NA, Kanyakumari - 629 161.
2. Mr. Sudharson James, Ex- Managing Director 7/ 145, Manavila, Kurunthancode, Friday Market, Kanyakumari - 629 203.
3. The Registrar of Companies, Chennai.