https://www.taxtmi.com/caselaws?id=338303 The NCLT Hyderabad Bench allowed the application to compound the offence under Section 217(2AA) of the Companies Act, 1956. The Tribunal confirmed its jurisdiction and power to compound such offences without requiring court permission, in accordance with established judicial precedents. Each applicant was directed to pay Rs. 20,000 as compounding fees within three weeks. The Tribunal also instructed the Registry to send a certified copy of the order to the SEBI Chairman for appropriate action, as the applicant company is listed. en-us Wed, 21 Dec 2016 00:00:00 +0530 Tue, 31 Jan 2017 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338303 The NCLT Hyderabad Bench allowed the application to compound the offence under Section 217(2AA) of the Companies Act, 1956. The Tribunal confirmed its jurisdiction and power to compound such offences without requiring court permission, in accordance with established judicial precedents. Each applicant was directed to pay Rs. 20,000 as compounding fees within three weeks. The Tribunal also instructed the Registry to send a certified copy of the order to the SEBI Chairman for appropriate action, as the applicant company is listed. Case-Laws Companies Law Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338303