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of <h1>Company filing defaults u/ss 92(4) and 137: 30-day rectification bars penalties; appeals and non-compliance fines set</h1> Section 454 authorises the appointment of adjudicating officers (not below Registrar rank) and requires their territorial or subject-matter jurisdiction to be specified; this establishes an administrative mechanism for adjudging penalties under the Act. The adjudicating officer may impose penalties on the company, defaulting officer, or any other person and may direct rectification of the default; however, where defaults under section 92(4) or section 137(1) or (2) are rectified before, or within 30 days of, notice, no penalty is imposed and proceedings are deemed concluded. Before imposing any penalty, a reasonable opportunity of being heard must be given. Appeals lie to the Regional Director within 60 days, who may confirm, modify, or set aside the order. Non-compliance with adjudication or appellate orders within 90 days attracts specified fines for companies and imprisonment and/or fines for officers or other persons.
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