NCLT compounds offence as Co. had erroneously breached thresholds and no similar offences compounded in last 3 yrs

COMPANY LAW : As per the provisions of section 441(1), compounding can be made of any offence punishable under Act (whether committed by a company or any officer thereof) not being an offence punishable with imprisonment only, or punishable with imprisonment and also with fine, section 441(6) also reiterates that any offence which is punishable under Act with imprisonment only or with imprisonment and also with a fine shall not be compoundedCOMPANY LAW : As per the provisions of section 441(1), compounding can be made of any offence punishable under Act (whether committed by a company or any officer thereof) not being an offence punishable with imprisonment only, or punishable with imprisonment and also with fine, section 441(6) also reiterates that any offence which is punishable under Act with imprisonment only or with imprisonment and also with a fine shall not be compoundedwww.taxmann.com Latest Case LawsRead More

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