High Court Supports Delayed AGM Filing, Advises Compounding Offences u/s 621A of Company Law.

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....Composition of certain offences - Even otherwise, the appellant has been able to place on record sufficient facts to prima facie justify as to why the delay took place in conveying the AGM and subsequent filing of the necessary documents before the ROC. In my opinion, it is a fit case where company law board ought to have allowed the petition under section 621A for compounding. - HC....