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2019 (7) TMI 1667 - NATIONAL COMPANY LAW TRIBUNAL — HYDERABAD BENCHCompounding of Offence - section 166 read with section 621A of the Companies Act, 1956 - applicants were not given an opportunity of hearing by the Registrar of Companies before rejection of GNL-1 - principles of natural justice - HELD THAT:- It is seen from the order at paragraph (i) in page No. 40, it was directed that the present applicant-company and its directors to file compounding applications before the Registrar of Companies, Hyderabad for various non-compliances/delayed compliances with regard to various provisions of the Companies Act. Subsequently, the applicants herein have filed the present compounding applications. The PCS representing the applicants pleaded for taking lenient view on the ground that this is the first offence committed by the company. The Registrar of Companies report also confirms the same being the first offence. Therefore, the company applications are allowed, accordingly this Bench is inclined to impose the fine for compounding the alleged violation. The company is directed to remit the penalty from its accounts. The officers-in-default shall pay the penalty from their own resources. The applicants shall comply with the order within three weeks from the date on which the order is uploaded on the website of the National Company Law Tribunal. The company is directed to file a copy of this order along with the required form with the Registrar of Companies, Hyderabad, within the time prescribed. Application disposed off.
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