𝗣𝗲𝗻𝗮𝗹𝘁𝘆 𝗜𝗺𝗽𝗼𝘀𝗲𝗱 𝗼𝗻 𝗧𝗿𝘂𝘁𝗵𝗶𝗴𝗵 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗳𝗼𝗿 𝗗𝗲𝗹𝗮𝘆 𝗶𝗻 𝗙𝗶𝗹𝗶𝗻𝗴 𝗔𝗻𝗻𝘂𝗮𝗹 𝗥𝗲𝘁𝘂𝗿𝗻 𝗮𝘀 𝗽𝗲𝗿 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟵𝟮. 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗢𝗿𝗱𝗲𝗿 𝗣𝗮𝘀𝘀𝗲𝗱 𝗯𝘆 𝗥𝗢𝗖 𝗙𝗮𝘂𝗹𝘁 𝗮𝗻𝗱 𝗟𝗲𝗴𝗮𝗹 𝗕𝗮𝘀𝗶𝘀 The Registrar of Companies (ROC), Mumbai, issued a penalty order against Truthigh Fintech Private Limited for violating Section 92(4) of the Companies Act, 2013, which requires companies to file their annual return within 60 days of the Annual General Meeting (AGM). [img:eOwjB4iSs]

𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟵𝟮(𝟱): Prescribes a penalty of ₹10,000 for default and an additional ₹100 per day for continuing failure, subject to a maximum of ₹2,00,000 for the company and ₹50,000 for each officer in default. 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗠𝗶𝘀𝘁𝗮𝗸𝗲 𝟭)𝗖𝗼𝗺𝗽𝗮𝗻𝘆'𝘀 𝗙𝗮𝗶𝗹𝘂𝗿𝗲: The company failed to file its annual return for the financial year 2020-2021 within the prescribed timeline (60 days from AGM or its due date). No valid reason or reply was provided by the company or its directors.

𝟮) 𝗗𝗲𝗳𝗮𝘂𝗹𝘁 𝗣𝗲𝗿𝗶𝗼𝗱: The violation period was calculated as 932 days, from January 30, 2022, to August 19, 2024. 𝟯) 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲: Show Cause Notices were sent on August 19, 2024, to the company and its directors, but these were either not delivered or ignored. Notices returned with remarks like "Party left address.

𝗣𝗲𝗻𝗮𝗹𝘁𝗶𝗲𝘀 𝗟𝗲𝘃𝗶𝗲𝗱 𝟭) 𝗧𝗿𝘂𝘁𝗵𝗶𝗴𝗵 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 (𝗖𝗼𝗺𝗽𝗮𝗻𝘆): ₹1,03,200. 𝟮) 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗶𝗻 𝗗𝗲𝗳𝗮𝘂𝗹𝘁 (𝗘𝗮𝗰𝗵): ₹50,000, including: Keval Mahendra Shah Gajendra Ravindranath Tiwari Peihan Wei Anubhav Dwivedi Sunil Kumar Ram Pawandeep Ashish Kumar 𝟯)𝗧𝗼𝘁𝗮𝗹 𝗣𝗲𝗻𝗮𝗹𝘁𝘆 𝗣𝗮𝘆𝗮𝗯𝗹𝗲: ₹4,53,200.

𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝗔𝗰𝘁𝗶𝗼𝗻𝘀 𝟭) 𝗣𝗲𝗻𝗮𝗹𝘁𝘆 𝗣𝗮𝘆𝗺𝗲𝗻𝘁: The company and its directors must pay the penalties via the Ministry of Corporate Affairs (MCA) portal within 90 days of receiving the order. Proof of payment must be submitted for verification. 𝟮) 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲: The company must file its pending annual return immediately and ensure adherence to Section 92 in the future.