Adjudication Order Against Satguru Metals Limited for Non-Compliance with Rule 9A PAS-6 Filing Requirements
Overview of the Adjudication Proceeding
The Registrar of Companies, Cuttack, exercising adjudicatory powers under Section 454 of the Companies Act, 2013, issued an adjudication order bearing Order ID PO/ADJ/06-2026/CT/02394 dated 1st July 2026. The proceeding was initiated against Satguru Metals Limited and its officers in default for contravening Sub-rule 8 of Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014, which ultimately attracted liability under Section 450 of the Companies Act, 2013.
The violation pertained to the failure of the company to submit the Reconciliation of Share Capital Audit Report in the prescribed e-Form PAS-6 for the half-year ending 30th September 2023, within the statutory deadline.
Appointment of Adjudicating Officer
The Ministry of Corporate Affairs, through Gazette Notification No. S.O. 698(E) dated 10th February 2026, formally appointed the undersigned officer as the Adjudicating Officer in terms of powers vested under Section 454 of the Companies Act, 2013, read with the Companies (Adjudication of Penalties) Rules, 2014. The appointment authorised the adjudication of penalties as provided under various provisions of the Act.
Details of the Company and Officers Involved
Company:
- Name: Satguru Metals Limited
- CIN: U27102OR2007PLC009524
- Registered Office: Opp. Crazy Cool, Main Road Daily Market, NA Rourkela, Orissa – 769001
**Officers in Default (Noticees)😗*
| S. No. | Name | DIN |
|---|---|---|
| 1 | Kripal Singh Dang | 01623170 |
| 2 | Inderpal Singh Chhabra | 03147440 |
| 3 | Ujjwal Singh | 08968179 |
Relevant Legal Provisions
Section 450 – Companies Act, 2013
Section 450 of the Companies Act, 2013 governs contraventions for which no specific penalty is prescribed elsewhere in the Act. The provision reads:
"If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been accorded, given or granted, and for which no penalty or punishment is provided elsewhere in this Act, the company and every officer of the company who is in default or such other person shall be liable to a penalty of ten thousand rupees, and in case of continuing contravention, with a further penalty of one thousand rupees for each day after the first during which the contravention continues, subject to a maximum of two lakh rupees in case of a company and fifty thousand rupees in case of an officer who is in default or any other person."