https://www.taxtmi.com/caselaws?id=342755 The Tribunal dismissed the compounding application by M/s. Nexans India Pvt. Ltd. and its officers for violating Section 309(5B) of the Companies Act, 1956. The Central Government's rejection of waiver applications due to non-compliance with Schedule XIII prevented the Tribunal from considering the compounding request under Section 621A. Without a formal declaration of contravention and proposed fines, the Tribunal lacked jurisdiction to entertain the application. The Registrar of Companies also deemed the application improper, leading to its dismissal without costs awarded. en-us Thu, 16 Mar 2017 00:00:00 +0530 Thu, 11 May 2017 07:11:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342755 The Tribunal dismissed the compounding application by M/s. Nexans India Pvt. Ltd. and its officers for violating Section 309(5B) of the Companies Act, 1956. The Central Government's rejection of waiver applications due to non-compliance with Schedule XIII prevented the Tribunal from considering the compounding request under Section 621A. Without a formal declaration of contravention and proposed fines, the Tribunal lacked jurisdiction to entertain the application. The Registrar of Companies also deemed the application improper, leading to its dismissal without costs awarded. Case-Laws Companies Law Thu, 16 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342755