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of <h1>Section 621A: Companies Act 1956 Allows Offence Compounding, Excludes Imprisonment-Only Offences, Limits Repeat Offenders</h1> Section 621A of the Companies Act, 1956 allows for the compounding of certain offences committed by a company or its officers, provided the offence is not punishable with imprisonment only or with imprisonment and fine. The Central Government can compound these offences upon payment of a prescribed sum, not exceeding the maximum fine for the offence. Offences can be compounded before or after prosecution, and if compounded before prosecution, no prosecution will be initiated. Repeat offences within three years are not eligible for compounding. Failure to comply with government orders related to document filing can result in penalties, including imprisonment.
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