The applicant in adjudication application has stated that an inadvertent discrepancy regarding the board meeting dates is reported for the financial year 2024-25. Thus, Mr. Mahesh Bharat Sarate, is liable for penalty under section 450 of the Companies Act, 2013. date of rectification of default less order issue date) Maximum limit for Penalty (F) 1 MAHESH BHARAT SARATE having DIN as 08123337 5000 0 500003. It is also directed that the penalty so imposed upon the officers in default shall be paid from their personal sources/income. For penal consequences of non-payment of penalty within the prescribed time limit, please refer Section 454(8) of the Companies Act, 2013.