ROC Ahmedabad Imposes Section 64(2) Penalty for Delayed SH-7 Filing in Authorised Share Capital Enhancement
Overview of the Adjudication Order
The Registrar of Companies, Ahmedabad, exercising its adjudicatory powers under Section 454 of the Companies Act, 2013, passed a penalty order against Amicorp Capital IFSC Private Limited and its officers in default for failing to file Form SH-7 within the statutorily mandated timeline. The violation pertained to Section 64(2) of the Companies Act, 2013, which governs the obligation to notify the Registrar upon any increase in authorised share capital.
This order, bearing Order ID: PO/ADJ/07-2026/AD/02527, was issued on 10th July 2026 and serves as a significant reminder to companies — particularly those operating within special economic zones — of the importance of strict adherence to procedural filing deadlines under corporate law.
Appointment of Adjudicating Officer
Pursuant to the Ministry of Corporate Affairs Gazette Notification bearing reference number S.O. 698(E) dated 10/02/2026, the undersigned officer was formally designated as the Adjudicating Officer. This appointment was made in exercise of powers vested under Section 454 of the Companies Act, 2013, read in conjunction with the Companies (Adjudication of Penalties) Rules, 2014, conferring jurisdiction to adjudge penalties for contraventions under the Act.
Company and Officers Involved
Company Details
Amicorp Capital IFSC Private Limited
- CIN: U67190GJ2022FTC128668
- Registered Office: Building No. 13B, Block No. 13, Zone-1, Road 1C, GIFT SEZ NA, GIFT City, Gandhinagar, Gujarat – 382355
- The company is registered under the provisions of the Companies Act, 2013
Officers Named as Noticees
The following individuals were identified as officers in default and made parties to the adjudication proceedings:
- Subroto Chakraborty — DIN: 06517902
- Sahil Fauzdar — DIN: 07082005
- Gopakumar Puthenveettil — DIN: 07645490
Relevant Legal Provisions
Section 64(1) and Section 64(2) — Companies Act, 2013
Section 64(1) of the Companies Act, 2013 mandates that whenever a company increases its authorised share capital, it must file a notice of such increase with the Registrar of Companies in Form SH-7 within 30 days of passing the relevant resolution.
Section 64(2) prescribes the penal consequence for non-compliance with the above requirement:
"Where any company fails to comply with the provisions of sub-section (1), such company and every officer who is in default shall be liable to a penalty of five hundred rupees for each day during which such default continues, subject to a maximum of five lakh rupees in case of a company and one lakh rupees in case of an officer who is in default."
This provision, therefore, operates on a per-day default basis, making timely filing not merely a procedural formality but a financial imperative.