Jay Ambe Supermarkets Fined ₹2.5 Cr by ROC Ahmedabad

Jay Ambe Supermarkets Ltd has received orders from the Registrar of Companies (ROC), Ahmedabad, imposing penalties totaling ₹2,51,11,000. These penalties are for alleged violations of various sections of the Companies Act, 2013, including Section 42(10), 12(3)(c), 42(6), and 117(2). The company states the impact is limited to the fines and is currently reviewing the orders with plans to file an appeal. Jay Ambe Supermarkets highlighted that the adjudication was initiated via a suo-moto application and that it falls under the MSME category, suggesting potential mitigating factors were not considered.