https://www.taxtmi.com/caselaws?id=335541 The case involved a violation of section 299(3) of the Companies Act, 1956, leading to a compounding application before the National Company Law Tribunal, Bengaluru. The directors failed to comply with disclosure requirements due to the inability to convene board meetings, resulting in non-compliance. The Tribunal, after assessing the submissions and documents, imposed a compounding fee of Rs. 1,13,400 on each applicant. Upon payment of the fee, the Tribunal compounded the offense, instructing the Registrar of Companies, Karnataka, Bengaluru, to take necessary action. en-us Fri, 07 Oct 2016 00:00:00 +0530 Mon, 05 Dec 2016 10:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335541 The case involved a violation of section 299(3) of the Companies Act, 1956, leading to a compounding application before the National Company Law Tribunal, Bengaluru. The directors failed to comply with disclosure requirements due to the inability to convene board meetings, resulting in non-compliance. The Tribunal, after assessing the submissions and documents, imposed a compounding fee of Rs. 1,13,400 on each applicant. Upon payment of the fee, the Tribunal compounded the offense, instructing the Registrar of Companies, Karnataka, Bengaluru, to take necessary action. Case-Laws Companies Law Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335541