LAWS(NCLT)-2017-8-442

IN RE Vs. CASTROL INDIA LIMITED

Decided On August 02, 2017
IN RE Appellant
V/S
CASTROL INDIA LIMITED Respondents

JUDGEMENT

(1.) Defaulters Herein:

(2.) Pursuant to Section 203(1) of the Companies Act, 2013 a Company is required to appoint a Company Secretary. The Applicant Company committed the default under the provisions of Section 203(4) of the Companies Act, 2013 and the same is punishable u/s. 203(5) of the Companies Act, 2013. For the period stated in the application and affirmed in the RoC Report for a period of few months' vacancy was not filled, crated due to resignation of the existing Company Secretary on 14th March, 2016. The Ld. RoC has also reported that the Applicant Company has made the default good by appointing the whole time Company Secretary on 12.01.2017. However, the applicants claimed that the Compounding Application is filed, so as to put the matter to rest.

(3.) As per the Applicant's own submissions made in the Compounding Application filed by them for violation of Section 203 of the Companies Act, 2013, the Applicant and officers in default has committed default as follows:-