2018 (7) TMI 2199

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... one Sabyasachi Bagchi having DIN No. 03600728 to allow the compounding of the offence committed under Section 165(1) read with Section 165 (3) of the Companies Act, 2013. 2. The Registrar of Companies, West Bengal, filed the report stating that applicant Mr. Bagchi was the Director in total 14 Public Limited Companies. As per proviso to Section 165(1) of the Act, the person cannot be the Directo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....| have perused the record. 5. It is not in dispute that the applicant was Director in more than 10 Public Companies for a period of 21 days in contravention of the provisions of Section 165(1) of the Act. Section 441(4) of the Act confers jurisdiction on this Tribunal to accept compounding of certain offences under the Companies Act subject to fees. 6. As far as the case at hand is concerned, th....