Matrimony.Com Limited Pays Penalty of INR 102,500 to Government of Karnataka for Non-Production of Registers and Non-Display of Notices
March 15, 2024 at 03:36 am EDT
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Matrimony.com Limited has paid a penalty of INR 102,500/- (Rupees One Lakh and Two Thousand Five Hundred Only) on March 14, 2024 to Government of Karnataka for non-production of registers and non-display of
notices under The Karnataka Shops and Commercial Establishments Act, 1961 & its Rules thereon. Nature and details of the action(s) taken, initiated or order(s) passed: Order passed under The Karnataka Shops and Commercial Establishments Act, 1961 & its Rules thereon for payment of penalty of INR 102,500 (Rupees One Lakh Two Thousand Five Hundred Only). Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: March 14, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: Non-production of registers and non-display of notices under The Karnataka Shops and
Commercial Establishments Act, 1961 & its Rules thereon. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: No impact on financials or operations or
other activities of the Company.
Matrimony.com Limited is an India-based company, which offers online matchmaking services on Internet and mobile platforms. The Company delivers its services online through domain-specific Web portals. It offers membership subscription, assisted matrimonial service fees and online advertising packages. It is also involved in marriage services, such as Mandap & Wedding Bazaar, which is a Website for matrimony-related directory services, including listings for wedding related services, such as wedding planners, venues, cards and caterers. The Company has two segments. Matchmaking services segment offers online matchmaking services on Internet and mobile platforms. Its matchmaking services are delivered to users in India and the Indian diaspora through websites, mobile sites and mobile applications complemented by an on-the-ground network in India. Marriage services segment offers marriage services consisting of WeddingBazaar services, MatrimonyMandap services and Photography services.