https://www.taxtmi.com/caselaws?id=346239 The National Company Law Tribunal, Bengaluru, approved the Compounding Application under Section 621A of the Companies Act, 1956, filed by a jeweler company and its directors for violations of Sections 166 and 210. The company failed to hold its Annual General Meeting for the financial year 2012-13 and submit financial statements due to internal disputes. After rectifying the defaults, the Tribunal imposed compounding fees on the company and its directors, which were paid through Demand Drafts. Upon receiving the fees, the Tribunal compounded the offense and directed the Registrar of Companies, Karnataka, Bangalore, to take necessary action for compliance. en-us Tue, 04 Jul 2017 00:00:00 +0530 Tue, 08 Aug 2017 07:35:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346239 The National Company Law Tribunal, Bengaluru, approved the Compounding Application under Section 621A of the Companies Act, 1956, filed by a jeweler company and its directors for violations of Sections 166 and 210. The company failed to hold its Annual General Meeting for the financial year 2012-13 and submit financial statements due to internal disputes. After rectifying the defaults, the Tribunal imposed compounding fees on the company and its directors, which were paid through Demand Drafts. Upon receiving the fees, the Tribunal compounded the offense and directed the Registrar of Companies, Karnataka, Bangalore, to take necessary action for compliance. Case-Laws Companies Law Tue, 04 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346239