IN RE Vs. FERSA INDIA PRIVATE LIMITED

JUDGEMENT

(1.) Under consideration is an Application which has been filed by Petitioners before the Registrar of Companies, Tamil Nadu and Andaman & Nicobar Islands, Chennai, for compounding of the offences committed under Section 96 read with Section 129 of the Companies Act, 2013. These provisions were brought into force on 1st of April 2014. The Deputy Registrar of Companies, along with his Report dated 31.10.2017, has forwarded the Application to the Registry of this Bench, which has been numbered as CA/4/(441) /CB/2018.y__

(2.) The Petitioner is the Company and its two officers who have filed E-form No.GNL-1 under SRN:

(3.) It is stated that the Petitioner Company made an Application before the Registrar of Companies, for according approval for extension of the AGM for a period of three months to be held on or before 31.12.2016. The time was extended but the AGM was actually convened and held on 18.03.2017. There is delay of 140 days in holding of AGM for the financial year ended 30.09.2016. Hence, the Company and its Officers who are Directors have violated the provisions of Sub-Section (1) of Section 96 read with Section 129 of the Companies Act, 2013.