Compounding of corporate offences: central government may compound certain non custodial offences subject to prescribed sums and Registrar procedure. Section 621A empowers the Central Government to compound offences under the Companies Act that are not punishable with imprisonment only or with imprisonment and fine, by accepting a prescribed sum not exceeding the maximum fine and accounting for additional fee under section 611. Applications are made to the Registrar who forwards them to the Central Government; compounding requires company notice to the Registrar, precludes prosecution if effected before institution, and mandates court notice and discharge if effected after institution. The Central Government may order filing of overdue documents and prescribe penalties for noncompliance; certain imprisonment offences remain non compoundable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compounding of corporate offences: central government may compound certain non custodial offences subject to prescribed sums and Registrar procedure.
Section 621A empowers the Central Government to compound offences under the Companies Act that are not punishable with imprisonment only or with imprisonment and fine, by accepting a prescribed sum not exceeding the maximum fine and accounting for additional fee under section 611. Applications are made to the Registrar who forwards them to the Central Government; compounding requires company notice to the Registrar, precludes prosecution if effected before institution, and mandates court notice and discharge if effected after institution. The Central Government may order filing of overdue documents and prescribe penalties for noncompliance; certain imprisonment offences remain non compoundable.
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