https://www.taxtmi.com/caselaws?id=333538 The case was transferred from the Company Law Board to the National Company Law Tribunal in Bengaluru. The violation of the Companies Act due to a delayed Annual General Meeting was deemed unintentional, with the delay attributed to a server crash. The applicants voluntarily acknowledged the violation and submitted necessary documents for compounding. The Tribunal directed the Applicants to pay a compounding fee within 15 days, totaling Rs. 1,94,000. The judgment highlighted leniency due to subsequent compliance and voluntary compounding application. en-us Thu, 18 Aug 2016 00:00:00 +0530 Mon, 17 Oct 2016 12:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333538 The case was transferred from the Company Law Board to the National Company Law Tribunal in Bengaluru. The violation of the Companies Act due to a delayed Annual General Meeting was deemed unintentional, with the delay attributed to a server crash. The applicants voluntarily acknowledged the violation and submitted necessary documents for compounding. The Tribunal directed the Applicants to pay a compounding fee within 15 days, totaling Rs. 1,94,000. The judgment highlighted leniency due to subsequent compliance and voluntary compounding application. Case-Laws Companies Law Thu, 18 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333538