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Companies Law - Highlights / Catch Notes

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Compounding of offence - Unless and until a reference is made to ...

Companies Law

May 11, 2017

Compounding of offence - Unless and until a reference is made to the Tribunal, unless and until the Tribunal declares contravention of requirements of Schedule XIII and unless and until the Tribunal proposed to imposes fine as contemplated under sub-section (10), there is no cause of action for the petitioners to invoke Section 621A - petitioners cannot seek compounding of violation of Section 309(5B) - Tri

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