https://www.taxtmi.com/caselaws?id=409719 The Tribunal compounded the offence under Section 233B of the Companies Act, 1956 for the Financial Year 2013-14, allowing the company and its directors to pay a compounding fee to resolve the delay in filing the Cost Audit Report. The Tribunal exercised its power to compound the offence, emphasizing that compounding was permissible even with pending prosecution and without seeking permission from the Criminal Court. The Applicants were directed to remit the compounding fee to the Ministry of Corporate Affairs within a specified timeframe, leading to the disposal of the Petition. en-us Mon, 05 Jul 2021 00:00:00 +0530 Thu, 18 Nov 2021 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409719 The Tribunal compounded the offence under Section 233B of the Companies Act, 1956 for the Financial Year 2013-14, allowing the company and its directors to pay a compounding fee to resolve the delay in filing the Cost Audit Report. The Tribunal exercised its power to compound the offence, emphasizing that compounding was permissible even with pending prosecution and without seeking permission from the Criminal Court. The Applicants were directed to remit the compounding fee to the Ministry of Corporate Affairs within a specified timeframe, leading to the disposal of the Petition. Case-Laws Companies Law Mon, 05 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409719