StockWatch
·
Hotels & Resorts
Legal28 Oct 2026, 08:56 am

Velan Hotels Receives Adjudication Notice from RoC

AI Summary

Velan Hotels Ltd has received a Notice for Adjudication from the Registrar of Companies (RoC), Tamilnadu, Coimbatore. The notice pertains to a default under Section 196 of the Companies Act, 2013, specifically a 17-day delay in filing e-Form MR-1, a return of appointment of managerial personnel. The original filing date was October 26, 2025, and the delay occurred in filing by October 27, 2026. The company is required to show cause why adjudication proceedings should not be initiated against it and its officers. Velan Hotels plans to file an appropriate response within the prescribed timelines and does not foresee any material impact on its financial or operational activities.

Key Highlights

  • Received Adjudication Notice from RoC, Tamilnadu, Coimbatore.
  • Notice relates to delay in filing e-Form MR-1 for managerial appointments.
  • Company to respond within timelines, no material impact expected.
  • Action initiated under Section 454 of the Companies Act, 2013.