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<h1>Companies Can Apply for Offence Compounding Under Regulation 40 of Company Law Board Regulations, 1991</h1> Under Regulation 40 of the Company Law Board Regulations, 1991, companies or their defaulting officers can apply for the compounding of an offence to the Registrar. The application must detail the nature of the offence, the timeframe of its occurrence, and the identities of the responsible officers. The Registrar is required to forward this application, along with comments, to the Board or Regional Director within 30 days. The Regional Director has the authority to compound the offence, following any specific directives from the Board. An amendment in 1992 included officers in default within the scope of this regulation.