https://www.taxtmi.com/caselaws?id=397667 The Appellate Tribunal set aside the National Company Law Tribunal, Kolkata's order allowing compounding subject to payment of fees, imposing a penalty of 16,30,000 on the Respondent for contravening Section 165(1) of the Companies Act 2013. The Respondent was directed to pay 16,05,000 within 60 days. The Appellate Tribunal emphasized the necessity of imposing the statutory minimum penalty, overturning the lower fine imposed by the lower tribunal. Compliance instructions were issued to the Registry. en-us Wed, 24 Jun 2020 00:00:00 +0530 Wed, 26 Aug 2020 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397667 The Appellate Tribunal set aside the National Company Law Tribunal, Kolkata's order allowing compounding subject to payment of fees, imposing a penalty of 16,30,000 on the Respondent for contravening Section 165(1) of the Companies Act 2013. The Respondent was directed to pay 16,05,000 within 60 days. The Appellate Tribunal emphasized the necessity of imposing the statutory minimum penalty, overturning the lower fine imposed by the lower tribunal. Compliance instructions were issued to the Registry. Case-Laws Companies Law Wed, 24 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397667