NCLT Cannot Impose Compounding Fees Below Minimum Fine for Offenses Under Companies Act Sections 165(1) and 165(6). https://www.taxtmi.com/highlights?id=54480 Whether Tribunal (NCLT) can impose the compounding fees u/s 441(1) of the Act, less than minimum prescribed for the offence u/s 165 (1) read with Section 165(6)? - the Tribunal has no jurisdiction to reduce the fine less than the minimum fine prescribed for the offence - AT en-us Wed, 26 Aug 2020 14:39:32 +0530 Wed, 26 Aug 2020 14:39:32 +0530 TaxTMI RSS Generator NCLT Cannot Impose Compounding Fees Below Minimum Fine for Offenses Under Companies Act Sections 165(1) and 165(6). https://www.taxtmi.com/highlights?id=54480 Whether Tribunal (NCLT) can impose the compounding fees u/s 441(1) of the Act, less than minimum prescribed for the offence u/s 165 (1) read with Section 165(6)? - the Tribunal has no jurisdiction to reduce the fine less than the minimum fine prescribed for the offence - AT Highlights Companies Law Wed, 26 Aug 2020 14:39:32 +0530 https://www.taxtmi.com/highlights?id=54480