JK Cement Fined ₹7.65 Lakh for Delayed SBO Filing

JK Cement Ltd has received an order from the Registrar of Companies, Uttar Pradesh-I, imposing a penalty of ₹7.65 lakh. This penalty is for the delay in filing Form BEN-2 concerning Significant Beneficial Owner (SBO) details. The company voluntarily applied for adjudication of penalties under Section 454 of the Companies Act, 2013. The penalty is levied under Section 90(11) for violating Section 90(4) and Rule 4 of the Companies (Significant Beneficial Owners) Rules, 2018. The order impacts the company and its officers in default. The company stated that the order does not have a major financial impact.