Tax & Penalty17 Aug 2026, 07:30 pm
Ceenik Exports Fined ₹1.6 Lakh for Non-Appointment of CS
AI Summary
Ceenik Exports India Ltd has received an Interim Order from the Regional Director, Western Region, Mumbai, Ministry of Corporate Affairs, imposing a penalty of ₹1,60,000. This is for compounding a default under Section 203 of the Companies Act, 2013, related to the non-appointment of a Company Secretary (CS) from September 18, 2016, to August 20, 2019. The company stated that this non-compliance has no material impact on its business operations, management, or continuity. Further developments will be communicated to the stock exchanges.
Key Highlights
- Ceenik Exports fined ₹1.6 lakh for CS non-appointment.
- Penalty covers period from Sep 2016 to Aug 2019.
- Order received from Ministry of Corporate Affairs.
- No material impact on business operations or continuity.
- Company will inform of further developments.
Price Impact
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