https://www.taxtmi.com/caselaws?id=198685 The Chairman analyzed the case involving a violation of Section 299 of the Companies Act, 1956, and the appointment of the chairman's daughter as vice-president without disclosing interest. It was concluded that there was no violation of Section 299, thus not falling under Section 283(1)(i) or liable for penalties under Section 283(2A), making compounding unnecessary. The application was disposed of without ordering compounding, with instructions to send a copy of the order to the Registrar of Companies for necessary action. en-us Tue, 31 May 1994 00:00:00 +0530 Wed, 07 Feb 2018 14:33:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198685 The Chairman analyzed the case involving a violation of Section 299 of the Companies Act, 1956, and the appointment of the chairman's daughter as vice-president without disclosing interest. It was concluded that there was no violation of Section 299, thus not falling under Section 283(1)(i) or liable for penalties under Section 283(2A), making compounding unnecessary. The application was disposed of without ordering compounding, with instructions to send a copy of the order to the Registrar of Companies for necessary action. Case-Laws Companies Law Tue, 31 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198685