About Penny Cycles Private Limited
Data last updated:
Penny Cycles Private Limited was a private limited company based in Ludhiana, Punjab, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the sports goods segment of the musical instruments sector. It was incorporated on 04 May 1995.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1995PTC016347. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.4 Lakh. It was led by directors Jagjit Singh and Kamaljit Kaur.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at C – 589 Phase – II Urban Estate Focal Point, Ludhiana, Punjab, India – 141010.
As per MCA filings, the company had satisfied charges of ₹25 Lakh on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The last known website on record is pennycycle.com.
Company details
Contact details
Penny Cycles Private Limited's registered office is in Ludhiana, Punjab.
- Registered AddressC – 589 Phase – II Urban Estate Focal Point, Ludhiana, Punjab, India – 141010
- IndustryMusical Instruments, Sports Goods, Jewellery, Musical Instrument, Manufacturing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Penny Cycles Private Limited
FY 2016 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Penny Cycles Private Limited, buy the company report.
Board of directors of Penny Cycles Private Limited
Penny Cycles has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagjit Singh | Director | 04 May 1995 | 31 Years 5 Months | As last reported |
| Kamaljit Kaur | Director | 21 Mar 2007 | 19 Years 7 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jan 1997 | 90175833 | State Bank of India | ₹25 Lakh | Satisfied |
To see the full charge records of Penny Cycles Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Penny Cycles Private Limited has 4 court cases on record: 3 filed by Penny Cycles, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Nahar Poly Films Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Ms SK Cycle Hospital | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
To see the full case history of Penny Cycles Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Penny Cycles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Penny Cycles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Penny Cycles Private Limited, buy the company report.
Recent activity
Penny Cycles Private Limited has 2 board changes on record since 1995: 2 appointments. The latest: Kamaljit Kaur was appointed as Director on 21 Mar 2007.
Frequently asked questions
Penny Cycles has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Penny Cycles was a private limited company based in Ludhiana, Punjab, India. The company worked in sports goods, within the musical instruments industry. It was incorporated on 04 May 1995 and is registered under CIN U35921PB1995PTC016347. The company has been struck off by the Registrar of Companies and is no longer operational.
Penny Cycles had 2 directors:
- Jagjit Singh - Director
- Kamaljit Kaur - Director
The CIN (Corporate Identification Number) of Penny Cycles is U35921PB1995PTC016347. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Penny Cycles is at C – 589 Phase – II Urban Estate Focal Point, Ludhiana, Punjab, India – 141010.
Penny Cycles was incorporated on 04 May 1995. It is registered with the Registrar of Companies, Chandigarh.
Penny Cycles can be reached through the website pennycycle.com. Its registered office is in Ludhiana, Punjab, India.
The latest financial statements of Penny Cycles on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Penny Cycles has 1 GST registration on record and it is cancelled or inactive.
Penny Cycles operated in the musical instruments industry, in the sports goods segment. It worked in this industry before it was struck off.
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