ROC Mumbai II Imposes Penalty on Director for Incorrect AOC-4 XBRL Form Submission
Overview of the Adjudication
The Registrar of Companies, Mumbai II (ROC Mumbai II) has passed an adjudication order penalising the director of Jasmino Corporation Limited for filing an incorrect E-form AOC-4 XBRL for Financial Year 2023-24. The contravention stemmed from an erroneous selection made in the e-form at the time of submission, which attracted penalty proceedings under Section 450 of the Companies Act, 2013. The adjudication was conducted under Section 454 of the Companies Act, 2013, and a penalty of Rs. 10,000 was ultimately imposed on the director in his personal capacity.
Case Details at a Glance
| Particulars | Details |
|---|---|
| Order Reference | Order ID: PO/ADJ/05-2026/MR/02268 |
| Date of Order | 25/05/2026 |
| Adjudicating Authority | ROC Mumbai II, Ministry of Corporate Affairs |
| Company Name | Jasmino Corporation Limited |
| CIN | U25190MH1996PLC102376 |
| Director Penalised | Balachandran Seshadri (DIN: 01385336) |
| Provision Violated | Rule 8(3) of the Companies (Registration Offices and Fees) Rules, 2014 |
| Penalty Provision | Section 450 of the Companies Act, 2013 |
| Penalty Imposed | Rs. 10,000 |
Background and Appointment of Adjudicating Officer
The Ministry of Corporate Affairs, through Gazette Notification No. S.O. 698(E) dated 10/02/2026, appointed the undersigned as the Adjudicating Officer under Section 454 of the Companies Act, 2013, read with the Companies (Adjudication of Penalties) Rules, 2014. This appointment vested the officer with the authority to adjudge penalties for contraventions of the applicable provisions of the Act.
About the Company and the Director
Jasmino Corporation Limited, bearing CIN U25190MH1996PLC102376, is incorporated and registered under the Companies Act, 2013/1956. Its registered office is situated at L-61, MIDC Taloja, Dist. Raigad, Thane Taloja Panvel, Raigarh (MH), Maharashtra — 410208.
The director involved in this adjudication matter is Balachandran Seshadri, holding DIN 01385336, who had digitally authenticated the impugned E-form at the relevant time.
Relevant Legal Provisions
Section 450 of the Companies Act, 2013 — General Penalty
Section 450 of the Companies Act, 2013 provides the residual penalty framework applicable where no specific penal provision exists for a particular contravention. The relevant extract reads as under: