NCLT order on Directors' Report was signed by only one director instead of two directors.
1. NATTONAI. COI4PANY LAW TRIEI'NAL
NEW DELHI BENCH
NEW OELHI
c. P:.NO. 16/120/16
cA. NO.
PRESENT: SMT. tNA MALHOTRA
Hon'ble Member (J).
AT.TEdDANCE.CUM-ORDER SHEET OF THE HEARING OF NEW DELHI BENCH OF
THE NATIONALCOMPANY I.AW TRIBUNALON 07.10.2016
NAME OF THE COMPANYT M/s. f4VM t,t€ta and A oys p!t, Ltd.
SECTION OF THE COMPANIES ACT:6214
s.No. NAME DESIGNATTON REPRESENTATION SIGNATURE
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ORDER
Thc petitioner company, which ms incorporat.d on 29.05.2007, h$ 6led the
pfe*nt com!.unding applicarion lor incomtler€ coml'liance of rhe provisions of
Section 217(4) of the Comtanies Act, 1956. Th€ Roc while i.mtinizing rh€ An.ual
R€?ot lbund thal the Boa.d Repon hdd been ligned bI onl), one Dir. !, whereas, as
p€r th€ pronsion ofsectio.217(4) ir was requircd ro be signed bI ar leas Mo direcroF.
2. Iin submitted by the petjtio!€Brhar thed€lault wasrotally unintentio.al and on
account ot an inadvenent o6ission.
2. ,
3. As per thc rpon, prcsecution has not been iniuated. The afor.said violarion is
punishable Us 217(5) of the ComPanies Act, 1956 which Povide3 for an imPosition of a
6ne which may exr€nd to Rs.20,000/ or with imPnsonmen! which may extend uPto 6
5. Cilen the fads oftlr (s that thee is no legal impediment in compouding or
rh€ aforesaid default 5nd the eme appeaB ro be or a.count ofan inadvedent ove6iSht,
ir wodd be $frci€nt to impc a 6ne of R3r0,000/- otr €sch of the PetitroneE.
Accodingly, lhe l'ine is impmed as under for the cntiie penod ofdelault.
4. Accordingry, ih€ oii.e of rne RoC las calcliat€d and recomhended the
ibpmition oftheft.xiouo 6ne ofls.2L{00/- on the ditctos
Nme oarhe A??licmts
Mr. Vrl.y Srn8la.Dre(ror Rs.I0,000/
Mr. 4F) BudhrBja, Dirr(or
Ms Pooja cuptu. Dirr!tor
6. Subject to th€ remittance of th. aforesaid line within 30 da)s, the ofence slall
srand compouded Complianc. Rcport be placed on record with due intimation to the
Z Petition slands disposed off in t fts of tle above and consigned to R€co.d Room.
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