https://www.taxtmi.com/caselaws?id=438497 The appellant's appeal under Section 421 of the Companies Act against an order by the NCLT, New Delhi, compounding offences under Section 441 of the Companies Act, 2013, and imposing a fine of Rs. 26,53,000/- for non-compliance with Section 166/96 of the Companies Act, 1956/2013 was dismissed. The NCLT, after considering the ROC's report, imposed the fine based on default days, reducing the maximum fine to 1/5th. The appellant's argument against the fine was rejected, with the Tribunal emphasizing the admission of guilt and the significant reduction in the imposed fine. en-us Wed, 31 May 2023 00:00:00 +0530 Thu, 01 Jun 2023 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438497 The appellant's appeal under Section 421 of the Companies Act against an order by the NCLT, New Delhi, compounding offences under Section 441 of the Companies Act, 2013, and imposing a fine of Rs. 26,53,000/- for non-compliance with Section 166/96 of the Companies Act, 1956/2013 was dismissed. The NCLT, after considering the ROC's report, imposed the fine based on default days, reducing the maximum fine to 1/5th. The appellant's argument against the fine was rejected, with the Tribunal emphasizing the admission of guilt and the significant reduction in the imposed fine. Case-Laws Companies Law Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438497