https://www.taxtmi.com/caselaws?id=289851 The National Company Law Tribunal, Kolkata, ordered the compounding of the offence under section 165(1) read with 165(3) of the Companies Act, 2013, against the offender/director for holding directorship in multiple companies beyond the permissible limit and failing to timely resign. The Tribunal considered the delay in resignation intimation as a valid ground for leniency, noting it as the offender's first offence. The compounding was subject to the payment of fees amounting to Rs. 50,000 within two weeks from the order date, with the Company Petition being disposed of accordingly. en-us Tue, 03 Apr 2018 00:00:00 +0530 Wed, 26 Aug 2020 12:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289851 The National Company Law Tribunal, Kolkata, ordered the compounding of the offence under section 165(1) read with 165(3) of the Companies Act, 2013, against the offender/director for holding directorship in multiple companies beyond the permissible limit and failing to timely resign. The Tribunal considered the delay in resignation intimation as a valid ground for leniency, noting it as the offender's first offence. The compounding was subject to the payment of fees amounting to Rs. 50,000 within two weeks from the order date, with the Company Petition being disposed of accordingly. Case-Laws Companies Law Tue, 03 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289851