https://www.taxtmi.com/caselaws?id=354094 The Appellate Tribunal held that the Tribunal erred in rejecting the compounding applications solely based on ongoing investigations and prosecutions. It was within the Tribunal's jurisdiction to compound the offences as they involved fines and not solely imprisonment. The Appellant was entitled to compounding under Section 621A. The fines imposed for various offences totaled Rs. 4,29,900 to be paid within 30 days, with related complaints withdrawn by the Registrar of Companies. The compounding did not affect ongoing investigations or other pending proceedings under the Indian Penal Code or any other law. en-us Wed, 17 May 2017 00:00:00 +0530 Wed, 17 Jan 2018 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354094 The Appellate Tribunal held that the Tribunal erred in rejecting the compounding applications solely based on ongoing investigations and prosecutions. It was within the Tribunal's jurisdiction to compound the offences as they involved fines and not solely imprisonment. The Appellant was entitled to compounding under Section 621A. The fines imposed for various offences totaled Rs. 4,29,900 to be paid within 30 days, with related complaints withdrawn by the Registrar of Companies. The compounding did not affect ongoing investigations or other pending proceedings under the Indian Penal Code or any other law. Case-Laws Companies Law Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354094