law: Companies Act, 2013 
  454.
  
    Adjudication
  
  of penalties.
  1.      The Central
  
  Government may, by an order published in the Official Gazette, appoint as many
  
  officers of the Central Government, not below the rank of Registrar, as
  
  adjudicating officers for adjudging penalty under the provisions of this Act in
  
  the manner as may be prescribed.
  2.      The Central
  
  Government shall while appointing adjudicating officers, specify their
  
  jurisdiction in the order under sub-section (1 ).
  3.      The adjudicating
  
  officer may, by an order impose the penalty on the company and the officer who
  
  is in default stating any non-compliance or default under the relevant
  
  provision of the Act.
  4.      The adjudicating
  
  officer shall, before imposing any penalty, give a reasonable opportunity of
  
  being heard to such company and the officer who is in default.
  5.      Any person aggrieved
  
  by an order made by the adjudicating officer under sub-section (3 ) may
  
  prefer an appeal to the Regional Director having jurisdiction in the matter.
  6.      Every appeal under
  
  sub-section (5 ) shall be filed within sixty days from the date on which
  
  the copy of the order made by the adjudicating officer is received by the
  
  aggrieved person and shall be in such form, manner and be accompanied by such
  
  fees as may be prescribed.
  7.      The Regional Director
  
  may, after giving the parties to the appeal an opportunity of being heard, pass
  
  such order as he thinks fit, confirming, modifying or setting aside the order
  
  appealed against.
  8.     
               
  
   i.        
  
    Where
  
  company does not pay the penalty imposed by the adjudicating officer or the
  
  Regional Director within a period of ninety days from the date of the receipt
  
  of the copy of the order, the company shall be punishable with fine which shall
  
  not be less than twenty five thousand rupees but which may extend to five lakh
  
  rupees.
              
  
   ii.        
  
    Where
  
  an officer of a company who is in default does not pay the penalty within a
  
  period of ninety days from the date of the receipt of the copy of the order,
  
  such officer shall be punishable with imprisonment which may extend to six
  
  months or with fine which shall not be less than twenty-five thousand rupees
  
  but which may extend to one lakh rupees, or with both.