Mumbai: The Department of Company Affairs (DCA) has ordered Reliance Group's chairman Mukesh Ambani, managing director Anil Ambani and other top directors to pay compounding fees amounting to Rs 4.8 lakh for contravening various provisions of the Companies Act, 1956.

Mukesh and Anil have been ordered to pay compounding fees of Rs 40,000 and Rs 55,000 respectively for offences committed under different sections of the Companies Act following inspection of the accounts of erstwhile Reliance Petroleum (RPL) and Reliance Industries Ltd (RIL).

During the course of inspection of RIL's accounts, the DCA found that "the provisions of Section 217 had been contravened as none of the agreements/contracts entered into by RIL with RPL in connection with implementation of the Jamnagar refinery project were mentioned in the directors report attached to the accounts."

RIL officials were not available for comment.

On September 25, DCA regional director (western) C D Paik had passed eight orders relating to compounding of offences by Reliance's top brass and directed them to pay a total fee of Rs 4.8 lakh from their "personal accounts".

The matters pertain to four cases of RPL and one each of RIL, Reliance Industrial Infrastructure Ltd and Reliance Enterprises, besides two of Silvassa Industries Ltd and one of Lavanya Holding and Trading Pvt Ltd.

In case of RPL, top officials along with Ambani brothers, executive directors Hital Meswani, Nikhil Meswani, Mansingh L Bhakta, S L Setlur have admitted contravention of Section 217 of the Companies Act.

PTI