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2017 (5) TMI 1225
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....he Petitioner : Ms. Gargi Vyas, Advocate ORDER 1. This petition is filed by M/s Welspun Enterprises Limited (Formerly known as Welspun Projects Ltd.), its Chairman, Directors and Company Secretary seeking compounding of offence under Section 621A of the Companies Act, 1956 for the violation of Section 307(1) of the Companies Act, 1956 (hereinafter referred to as "the Act" for sho....
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....ion before the Registrar of Companies on 25th March, 2010. The said application was forwarded by the Registrar of Companies to the Company Law Board, Mumbai, vide its report dated 22nd October, 2012. Thereafter, additional report dated 13.05.2013 was forwarded to the Company Law Board. Subsequently, the matter was transferred to this Tribunal and it is renumbered as T.P. No. 149 of 2016. Thereafte....
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....ct was conducted, but it is not mentioned in the report of the ROC that investigation was pending or carried out. 6. In the petition, it is stated that the Register maintained by the company discloses the complete particulars as required under Section 307 of the Act. But the company, without going into its merits, in order to avoid prosecution, is coming forward to compound the offence. ....
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....1A of the Companies Act, 1956. 9. Considering the facts and circumstances and considering the fine amount provided for the violation of Section 307(1) of the Act and also considering the long duration of violation, this Tribunal is directing the petitioners to pay amount as follows: -z Petitioners 1 to 6 are directed to pay Rs. 50,000/- each for the violation of Section 307(1) of....