Compounding of offences allows specified corporate offences to be settled by payment under prescribed procedural safeguards. Compounding permits specified company offences to be settled by payment to the Central Government, within the maximum fine and subject to procedural conditions: applications go through the Registrar to the Tribunal or Regional Director; compounding before prosecution bars subsequent prosecution, while compounding after prosecution requires the Registrar to notify the court and discharge the offender; filings and fees must be regularised when directed, failure of officers to comply increases the maximum fine; a three-year bar and non-compoundability of imprisonment-only offences apply.