https://www.taxtmi.com/caselaws?id=194763 The Company Law Board (CLB) had jurisdiction to compound the offence under Section 84(3) of the Companies Act. The issuance of duplicate shares did not result in any loss, as the shares were canceled or not in circulation. The compounding fee for the company was set at Rs. 10 lakh, subject to court permission for the officers. Additionally, the directors were to pay Rs. 1 lakh each, and the secretary and assistant vice-president Rs. 10,000 each, subject to court approval. Reliance Consultancy Services Limited was ordered to pay Rs. 10 lakhs. Compliance and payments were to be made within 15 days of court approval, with further action to be taken by the Registrar of Companies. 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 The Company Law Board (CLB) had jurisdiction to compound the offence under Section 84(3) of the Companies Act. The issuance of duplicate shares did not result in any loss, as the shares were canceled or not in circulation. The compounding fee for the company was set at Rs. 10 lakh, subject to court permission for the officers. Additionally, the directors were to pay Rs. 1 lakh each, and the secretary and assistant vice-president Rs. 10,000 each, subject to court approval. Reliance Consultancy Services Limited was ordered to pay Rs. 10 lakhs. Compliance and payments were to be made within 15 days of court approval, with further action to be taken by the Registrar of Companies. Case-Laws Companies Law Mon, 14 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194763