https://www.taxtmi.com/caselaws?id=356323 The Tribunal allowed the petition conditionally, directing the petitioner company and its directors to pay specified fines to regularize the delay in holding the AGM. The decision emphasized the Tribunal's power to compound fines under the Companies Act, 2013, stressing compliance with statutory provisions to prevent such defaults. The company and directors were ordered to pay fines of Rs. 20,000, Rs. 10,000 each, and an additional Rs. 100 per day for the 2016 AGM delay to the Central Government via the RoC, Kanpur, within six weeks. en-us Fri, 08 Dec 2017 00:00:00 +0530 Thu, 01 Mar 2018 07:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356323 The Tribunal allowed the petition conditionally, directing the petitioner company and its directors to pay specified fines to regularize the delay in holding the AGM. The decision emphasized the Tribunal's power to compound fines under the Companies Act, 2013, stressing compliance with statutory provisions to prevent such defaults. The company and directors were ordered to pay fines of Rs. 20,000, Rs. 10,000 each, and an additional Rs. 100 per day for the 2016 AGM delay to the Central Government via the RoC, Kanpur, within six weeks. Case-Laws Companies Law Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356323