FirstCry, also known as Brainbees Solutions Limited, has been ordered to pay a compounding fee of ₹50,000 by the Legal Metrology Department in Varanasi. The order, issued on November 15, 2024, relates to a violation of the Legal Metrology Act of 2009 and the Legal Metrology (Packaged Commodities) Rules of 2011.
Brainbees Solutions Limited, also known as FirstCry has disclosed an order of of compounding dated November 15, 2024, issued to the Company under Section 18 (1), 36 (1) of Legal Metrology Act, 2009 read with Rule 6 of Legal Metrology (Packaged Commodities) Rules, 2011 in which company sought disposal of the case by compounding procedure under Section 48(3) of the Legal Metrology Act, 2009.
The Authority determined the compounding fee of ₹50,000/- to be paid by the Company.
The order was issued by the office of Senior Inspector, Legal Metrology Department, Varanasi.
The disclosure was made under Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India.
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