https://www.taxtmi.com/circulars?id=9788 Compounding of offences under Section 621A is permissible for offences committed by directors of a company in liquidation if statutory conditions and guidelines are satisfied; Section 446 does not bar criminal proceedings or compounding against directors. However, where penal provisions apply to the company as well, compounding is not permissible against the company while Section 446 restrictions apply. en-us Wed, 06 Mar 2002 00:00:00 +0530 Thu, 09 Jun 2011 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9788 Compounding of offences under Section 621A is permissible for offences committed by directors of a company in liquidation if statutory conditions and guidelines are satisfied; Section 446 does not bar criminal proceedings or compounding against directors. However, where penal provisions apply to the company as well, compounding is not permissible against the company while Section 446 restrictions apply. Circulars Companies Law Wed, 06 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9788