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of <h1>Compounding company law offences: who can approve, fine limits, repeat-offence bar, and effect on ongoing prosecutions.</h1> Prescribes compounding of offences under the Companies Act, 2013, permitting compounding before or after prosecution for offences not punishable with imprisonment only, or with imprisonment and fine; the Tribunal compounds generally, while the Regional Director or an authorised officer may compound where the maximum fine does not exceed twenty-five lakh rupees, on payment of a specified sum not exceeding the maximum fine and after adjusting any additional fee paid under section 403. Compounding is barred where investigation has been initiated or is pending, and is unavailable for repeat offences within three years (with later offences treated as first offences after three years). Applications must be routed through the Registrar, and intimation of compounding must be filed within seven days; compounding precludes institution of prosecution, and post-prosecution compounding requires notice to the court and results in discharge. Non-compliance with an order to file/ register documents may double the maximum fine.
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