S. No.

Name of Company

Name of the Directors

Section of Companies Act, 1956 violated

Penalty levied

Status of the case

1.

M/s XRBIA DEVELOPERS LIMITED

Dilip Ramkrishna Khapre,

Manoj Kumar Murlidhar Kamble

159, 220(3)

Total ₹ 3000/- fine (Rs.500/- fine imposed on each director apart from fine on the company in two cases)

Action Completed

2

M/s BORACHEM INDUSTRIES LIMITED

Suresh Kanayalal Raka, Ashok Namdevrao Rukari,

Omprakash Pattnayak

159, 220(3)

Total ₹ 4000/- fine (Rs.500/- fine imposed on each director apart from fine on the company in two cases)

Action Completed

3

M/s LI TAKA PHARMACEUTICALS LIMITED

Pravin Kumar Kantilal Mutha,

Suresh Kanayalal Raka, Cajetan Valerian Dsouza,

Omprakash attanayak

159, 220(3)

Total ₹ 5000/- fine (Rs.500/- fine imposed on each director apart from fine on the company in two cases)

Action Completed

4

M/s SIDHANATH SUGAR MILLS LIMITED

Dilip Bramhadeo Mane

220(3)

Total ₹ 1000/- fine (Rs.500/- fine imposed on each director apart from fine on the company in this case)

Action Completed

5

M/s PEGASUS HEALTHCARE LIMITED

Rajendra Chhotubahi Kapadia, Suresh Kanayalal Raka,

Cajetan Valerian Dsouza

159, 220(3)

Total ₹ 4000/- fine (Rs.500/- fine imposed on each director apart from fine on the company in two cases)

Action Completed

6

M/s ATIBAR INDUSTRIES COMPANY LTD

Shri Samir Kumar Sarawgi, Managing Director,

Shri Bibhu Prasad Bhoi, company secretary

220

Total ₹ 4500/- fine (Rs1500/- fine imposed on each Managing Director and Company Secretary apart from fine on the company)

Action Completed

7

M/s SCL STEEL CORPORATION LIMITED

Avijit Chakraborty,

Manas Kumar Dan,

Prasanta Chatterjee,

Joy deb Biswas

56(3), 60B/629A, 67 (1) & (2) /629A and  68

Total ₹ 1,95,000/- fine (Rs.39,000 fine imposed on each Director apart from fine on the Company)

Action Completed

8

M/s MAN STRUCTURALS PRIVATE LIMITED

Kishore P. Rungta, Managing Director

58A (1) & 58A(2) read with 58A(6)

Fine of ₹ 1,89,31,294/-, ₹ 76,74,525/-, ₹ 12,59,131/-  for the years 1996-97, 1997-98, 1998-99 respectively  imposed on  the company.  Further, the Managing Director of the company was convicted for a period of two year simple imprisonment and a fine of ₹ 5000/- was imposed on him

The Company and Managing Director have filed an appeal before the Appellate Court which is pending.

9

LAKHANI INDIA LIMITED

Amarjeet Kalra Whole Time Director, Arun Virmani, Company Secretary

159/220

Total ₹ 20000/- fine

(Rs.10000 each on whole time Director and Secretary)

Case in respect of one of the directors, Shri Parmeshwar Dyal Lakhani, has been consigned to record by the Court as the Court has declared him a Proclaimed Offender.

10

SATYAM  COMPUTER SERVICES  LTD.

Ramalinga Raju,

B. Ramaraju,

V. Srinivas

309(1) & 628

Fine of ₹ 5 lakh each and in default of paying fine, simple imprisonment of 6 months each

All the four directors convicted have gone in appeal.

Ramalinga Raju,

B. Ramaraju,

Srinivas, Mynampati

211(7) & 628

Simple Imprisonment of 6 months for each accused and Fine of ₹ 10,000, and  in default of paying fine,  simple imprisonment of 1 month each

Ramalinga Raju,

B. Ramaraju,

Srinivas,

Mynampati

211 & 628

Simple Imprisonment of 6 months for each accused and Fine of ₹ 10,000, and  in default of paying fine,  simple imprisonment of 1 month each

Ramalinga Raju,

B. Ramaraju,

Mynampati

217 (2a) &  628

Simple Imprisonment of 6 months for each accused and Fine of ₹ 20,000/- and  in default of paying fine,  simple imprisonment of 1 month each

Ramalinga Raju,

B. Ramaraju,

Srinivas

211 (1) & (2) & 628

Simple Imprisonment of 6 months for each accused and Fine of ₹ 10,000/- and in default of paying fine, simple imprisonment of 1 month each.

Ramalinga Raju,

B. Ramaraju,

Mynampati

220 (1) & 628

Fine of ₹ 5 lakh and in default of paying fine, simple imprisonment of 6 month each.

11.

JVG GROUP COMPANIES

The matter is still pending against   Mrs. Namrata Krishan, Director who has been declared as Proclaimed offender by the court.  Another Director Sh. D K Aggarwal is no more. Proceedings against another Director Sh. Vijay Kumar Sharma have been dropped.

JVG HOLDINGS

Upender Singh

159 r/w 220

Fine of ₹ 10, 000

S.L. Maloo

217 (5)

Fine of ₹ 10, 000

JVG HOTELS

S.L. Maloo

217 (5)

Fine of ₹ 10, 000

JVG STEEL

S.L. Maloo

215

Fine of ₹ 10, 000

JVG HOUSING FINANCE

S.L. Maloo

159/220 (1)

Fine of ₹ 10, 000 for non-filing of balance sheet as at 31.3.2007

S.L. Maloo

159/220 (1)

Fine of ₹ 10, 000 for non-filing of balance sheet as at 31.3.2006.