ROC Chennai Imposes Penalty on Thirumalai Thirumal Nidhi Limited for Delayed MGT-14 Filing — 313-Day Default Under Section 117(2) of Companies Act 2013
Background and Overview
The Registrar of Companies, Chennai has passed an adjudication order against Thirumalai Thirumal Nidhi Limited and its officer in default for a significant delay in filing Form MGT-14 pertaining to board resolutions approving the financial statements and Board's Report for the financial year 2022–23. The violation involves a delay of 313 days beyond the statutorily prescribed deadline, attracting penalty under Section 117(2) of the Companies Act, 2013.
This case serves as a critical reminder for Nidhi companies and other registered entities regarding timely compliance with mandatory filing obligations under the Companies Act, 2013. The order, bearing Order ID: PO/ADJ/04-2026/CN/02091, was passed on 12th May 2026 by the Adjudicating Officer appointed under Section 454 of the Act.
Details of the Company and Individuals Involved
| Particulars | Details |
|---|---|
| Company Name | Thirumalai Thirumal Nidhi Limited |
| CIN | U65991TN1996PLC034825 |
| Registered Office | Fawaas Complex, 99/A-10, Thalayari Street, Pattukkottai, Thanjavur, Tamil Nadu – 614601 |
| Officer in Default | Thangavel Jothirajan (DIN: 00275047) |
| Nature of Company | Nidhi Company |
Appointment of Adjudicating Officer
The Ministry of Corporate Affairs, through its Gazette notification number S.O. 698(E) dated 10/02/2026, designated the undersigned as the Adjudicating Officer under Section 454 of the Companies Act, 2013, read with the Companies (Adjudication of Penalties) Rules, 2014, for the purpose of adjudicating penalties arising from violations under the Act.
Relevant Legal Framework
Section 117 — Resolutions and Agreements to be Filed
Section 117(1) of the Companies Act, 2013 mandates that a copy of every resolution or agreement relating to matters specified under sub-section (3), along with the explanatory statement under Section 102 (if applicable) annexed to the notice of the meeting, must be filed with the Registrar within thirty days of the passing or making of such resolution, in the prescribed manner and with the applicable fees.
Section 117(3)(g) extends the applicability of this provision to resolutions passed pursuant to Section 179(3) of the Act.
Section 179 — Powers of the Board
Section 179(3)(g) of the Companies Act, 2013 requires the Board of Directors to exercise the power to approve financial statements and the Board's Report through resolutions passed at duly convened Board meetings.
Section 117(2) — Penalty for Non-Compliance
The penal provision under Section 117(2) reads as follows: