ROC Adjudication Order
BMWVENTLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Registrar of Companies (ROC Patna) issued two separate adjudication orders on May 22, 2026, imposing penalties on BMW Ventures Ltd for violations of Section 203 of the Companies Act, 2013. The violations involved failure to timely appoint a Chief Financial Officer (CFO) and a Company Secretary (CS) when the company's paid-up capital crossed Rs.10 crore on November 4, 2016. Both appointments were eventually made on August 1, 2017, resulting in an 88-day delay. The company was fined Rs.5 lakh per order (total Rs.10 lakh). Seven directors and key managerial personnel were also penalised individually, with amounts ranging from Rs.1.38 lakh to Rs.5 lakh per person. The company stated there is no material financial or operational impact beyond the monetary penalties. The default was already rectified in 2017.
The penalties are relatively modest (Rs.10 lakh total for the company) and the company has stated no material operational impact. However, the disclosure reflects ongoing governance compliance issues which may concern investors given the multiple directors implicated across two separate orders.