Tax & Penalty30 Sept 2026, 05:41 pm
Ceenik Exports Fined ₹5.1 Lakh for Company Secretary Appointment Lapse
AI Summary
Ceenik Exports India Ltd has received a Final Order from the Regional Director, Western Region-I, Ministry of Corporate Affairs, regarding the compounding of a default under Section 203 of the Companies Act, 2013. The default pertains to the non-appointment of a Company Secretary between September 18, 2016, and November 1, 2018, impacting financial years 2016-17 to 2018-19. The company and its officers in default have paid a total compounding fee of ₹5,10,000. Ceenik Exports states that this has no material impact on its business operations or financial stability. The order was received on September 30, 2026.
Key Highlights
- Company fined ₹5.1 Lakh for non-appointment of Company Secretary.
- Default occurred between September 2016 and November 2018.
- Compounding fee has been fully paid by the company and officers.
- No material impact on business operations or financial stability.
- Regulatory order received from Ministry of Corporate Affairs.
Price Impact
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