https://www.taxtmi.com/caselaws?id=291855 The Court found the Applicants in violation of Section 137(2) of the Companies Act, 2013 but granted the Compounding Application. A Compounding Fee of Rs. 2,94,000 for the Company and Rs. 1,00,000 each for two Directors, totaling Rs. 4,94,000, was imposed to deter future violations. The fee was to be paid within 30 days to the Ministry of Corporate Affairs, Mumbai. The judgment resolved the violation issue by imposing the Compounding Fee, emphasizing deterrence against non-compliance, and requiring a compliance report for compounding the offense. en-us Fri, 04 Jan 2019 00:00:00 +0530 Fri, 27 Nov 2020 09:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291855 The Court found the Applicants in violation of Section 137(2) of the Companies Act, 2013 but granted the Compounding Application. A Compounding Fee of Rs. 2,94,000 for the Company and Rs. 1,00,000 each for two Directors, totaling Rs. 4,94,000, was imposed to deter future violations. The fee was to be paid within 30 days to the Ministry of Corporate Affairs, Mumbai. The judgment resolved the violation issue by imposing the Compounding Fee, emphasizing deterrence against non-compliance, and requiring a compliance report for compounding the offense. Case-Laws Companies Law Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291855