https://www.taxtmi.com/caselaws?id=368153 The National Company Law Tribunal compounded the offences under Sections 92 and 137 of the Companies Act, 2013 and reduced the fines imposed on the applicants. The fines were decreased to Rs. 1.5 Lakhs for Shefield Appliances Limited and Rs. 1 Lakh for each individual, resulting in total fines of Rs. 3 Lakhs and Rs. 2 Lakhs, respectively. The Appellate Tribunal further reduced the company's fine to Rs. 50,000 under Section 92 but maintained the fines at Rs. 1 Lakh each for the individuals under Section 137. The appeal was disposed of with appropriate directions, and no additional costs were imposed. en-us Tue, 21 Aug 2018 00:00:00 +0530 Wed, 03 Oct 2018 08:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368153 The National Company Law Tribunal compounded the offences under Sections 92 and 137 of the Companies Act, 2013 and reduced the fines imposed on the applicants. The fines were decreased to Rs. 1.5 Lakhs for Shefield Appliances Limited and Rs. 1 Lakh for each individual, resulting in total fines of Rs. 3 Lakhs and Rs. 2 Lakhs, respectively. The Appellate Tribunal further reduced the company's fine to Rs. 50,000 under Section 92 but maintained the fines at Rs. 1 Lakh each for the individuals under Section 137. The appeal was disposed of with appropriate directions, and no additional costs were imposed. Case-Laws Companies Law Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368153