https://www.taxtmi.com/caselaws?id=390497 The Tribunal imposed a compounding fee of Rs. 4,88,000 on the applicant for violating Section 165 of the Companies Act, 2013 by holding directorship in more than 20 companies. The fee was calculated at Rs. 2,000 per day for 244 days. Despite the non-filing of Form DIR-12 by Yashoda Special Metals P. Ltd., the Tribunal acknowledged the applicant's good faith resignation and voluntary compliance, leading to a lenient view in compounding the offence. The applicant paid the fee, and the order was forwarded to the Registrar of Companies, Hyderabad for necessary action. en-us Tue, 05 Nov 2019 00:00:00 +0530 Sun, 05 Jan 2020 11:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390497 The Tribunal imposed a compounding fee of Rs. 4,88,000 on the applicant for violating Section 165 of the Companies Act, 2013 by holding directorship in more than 20 companies. The fee was calculated at Rs. 2,000 per day for 244 days. Despite the non-filing of Form DIR-12 by Yashoda Special Metals P. Ltd., the Tribunal acknowledged the applicant's good faith resignation and voluntary compliance, leading to a lenient view in compounding the offence. The applicant paid the fee, and the order was forwarded to the Registrar of Companies, Hyderabad for necessary action. Case-Laws Companies Law Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390497