https://www.taxtmi.com/caselaws?id=193670 Section 621A(1) of the Companies Act conferred an independent power on the Company Law Board to compound offences before or after prosecution, and the statutory scheme did not make prior permission of the criminal court a condition precedent. Section 621A(4)(d) required only notice to the court after composition, while section 621A(7) was a separate route for compounding before the criminal court with its permission. Accordingly, the Board could compound pending offences without first obtaining leave of the criminal court, and the matter was remitted for consideration of compounding on merits. en-us Mon, 12 May 1997 00:00:00 +0530 Fri, 11 Aug 2017 16:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193670 Section 621A(1) of the Companies Act conferred an independent power on the Company Law Board to compound offences before or after prosecution, and the statutory scheme did not make prior permission of the criminal court a condition precedent. Section 621A(4)(d) required only notice to the court after composition, while section 621A(7) was a separate route for compounding before the criminal court with its permission. Accordingly, the Board could compound pending offences without first obtaining leave of the criminal court, and the matter was remitted for consideration of compounding on merits. Case-Laws Companies Law Mon, 12 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193670