2016 (10) TMI 558

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....ompany Secretary and Authorised representative ORDER The Petition was originally filed before Company Law Board, Southern Region, Chennai and further consequent upon the establishment of National Company Law Tribunal Bench at Bengaluru, the said case was transferred to this Tribunal on abolition of Company Law Board, Southern Region, Chennai Bench. The Petition was numbered as T.P. No. 288/2....

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....upport, marketing support etc., The present activity of the company is engaged in personalized automation and control solutions etc. The authorized share capital of the company is Rs. 5,00,000/- (Rupees Five Lakhs only) divided into 50,000 equity shares of Rs. 10/- each. The issued, subscribed and paid-up share capital of the Company is Rs. 1,00,000/- (Rupees one lakh only) consisting of 10,000....

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....mpanies, Bengaluru on 14/01/2015. Thus the violation is neither deliberate nor malicious and had occurred inadvertently in course of business. Therefore this application is filed suo-moto for compounding. We have heard the Practicing Company Secretary who urged before us that due to some unavoidable circumstances, the accounts were not finalized and hence Annual General Meeting could not be hel....

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....e Resolution reads that the Board of Directors agreed to file suo-moto applications for compounding. Petitioners also filed photo-stat copy of statement of Profit & Loss A/c for the year ending 31/03/2014 and also financial statement for the year ending 31/3/2014. We have received report from the Registrar of Companies, Bengaluru who stated that violation can be compounded by levying compoundin....