https://www.taxtmi.com/caselaws?id=194763 Section 621A of the Companies Act, 1956 was treated as a special compounding mechanism that operates notwithstanding the Code of Criminal Procedure, 1973. The Company Law Board was described as the authority empowered to decide whether an offence should be compounded and on what terms, while court permission under sub-section (7) was required only to give effect to that compounding in specified cases, not as a condition precedent to the decision itself. On the facts discussed, the alleged issuance of duplicate share certificates with intent to defraud was considered fit for compounding because it was a first-time matter, no complaint had been lodged by the original lodgers, the certificates were cancelled or not in circulation, and related offences had already been compounded. en-us Mon, 14 Oct 1996 00:00:00 +0530 Mon, 25 Sep 2017 12:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194763 Section 621A of the Companies Act, 1956 was treated as a special compounding mechanism that operates notwithstanding the Code of Criminal Procedure, 1973. The Company Law Board was described as the authority empowered to decide whether an offence should be compounded and on what terms, while court permission under sub-section (7) was required only to give effect to that compounding in specified cases, not as a condition precedent to the decision itself. On the facts discussed, the alleged issuance of duplicate share certificates with intent to defraud was considered fit for compounding because it was a first-time matter, no complaint had been lodged by the original lodgers, the certificates were cancelled or not in circulation, and related offences had already been compounded. Case-Laws Companies Law Mon, 14 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194763