ROC Cuttack Levies Penalty Under Section 450 for Delayed PAS-6 Filing by Satguru Metals Limited
The Registrar of Companies, Cuttack, issued an adjudication order on 1st July 2026 penalising Satguru Metals Limited and its directors for failing to file the Reconciliation of Share Capital Audit Report in e-Form PAS-6 within the stipulated deadline. The order was passed under Section 454 of the Companies Act, 2013, for violation of Section 450, read with sub-rule 8 of Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014.
Background and Order Details
| Particulars | Details |
|---|---|
| Order ID | PO/ADJ/06-2026/CT/02398 |
| Date of Order | 01/07/2026 |
| Issuing Authority | ROC-cum-Official Liquidator, Cuttack |
| Company Name | Satguru Metals Limited |
| CIN | U27102OR2007PLC009524 |
| Registered Office | Opp. Crazy Cool, Main Road Daily Market, Rourkela, Orissa – 769001 |
Company and Officers Involved
The adjudication proceedings were initiated against the following persons:
- Satguru Metals Limited (the Company)
- Kripal Singh Dang (DIN: 01623170)
- Inderpal Singh Chhabra (DIN: 03147440)
- Ujjwal Singh (DIN: 08968179)
Statutory Framework: Relevant Provisions
Appointment of Adjudicating Officer
The Ministry of Corporate Affairs, through Gazette Notification No. S.O. 698(E) dated 10/02/2026, designated the undersigned officer as the Adjudicating Officer under Section 454 of the Companies Act, 2013, read with the Companies (Adjudication of Penalties) Rules, 2014.
Penalty Provision Under Section 450
Section 450 of the Companies Act, 2013 prescribes the following consequence for contraventions where no specific penalty is provided elsewhere in the Act:
"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."