Company Admits to Missing AGM, Seeks Compounding for Violating Section 166 of Companies Act; NCLT Approves.

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....Compounding of offences - default in holding Annual General Meeting the company - non-compliance of Section 166/96 of the Companies Act, 1956/2013 - Once the appellant has admitted his default and thereafter approached the Tribunal for compounding the offence there was no ground for the appellant to assail the order of the compounding passed by the NCLT. - AT....