https://www.taxtmi.com/caselaws?id=397638 The Appellate Tribunal upheld the appeal against the order allowing the compounding application under Section 441 of the Companies Act, 2013. It determined that the Respondent, a Director, must pay the minimum fine of Rs. 13,10,000 for contravention of Section 165(1) read with Section 165(3) of the Act within 60 days. The Tribunal emphasized the importance of adhering to statutory minimum fines and ensuring compliance with legal provisions, setting aside the previous order and emphasizing the gravity of the offence in imposing the minimum penalty prescribed by law. en-us Wed, 24 Jun 2020 00:00:00 +0530 Tue, 25 Aug 2020 16:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397638 The Appellate Tribunal upheld the appeal against the order allowing the compounding application under Section 441 of the Companies Act, 2013. It determined that the Respondent, a Director, must pay the minimum fine of Rs. 13,10,000 for contravention of Section 165(1) read with Section 165(3) of the Act within 60 days. The Tribunal emphasized the importance of adhering to statutory minimum fines and ensuring compliance with legal provisions, setting aside the previous order and emphasizing the gravity of the offence in imposing the minimum penalty prescribed by law. Case-Laws Companies Law Wed, 24 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397638