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    <description>Compounding of offences is applied for by a company or its officers in default by submitting to the Registrar an application stating the offence, the date or period of commission, the names and addresses of offending officers and the prayer; the Registrar shall forward the application with comments to the Board or the Regional Director within the prescribed period, and Regional Directors may exercise compounding powers subject to any general or special order of the Board.</description>
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