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2018 (9) TMI 1984 - AT - Companies LawQuantum of fine and punishment - Compounding of offence - Section 165(6) of the Companies Act, 2013 - HELD THAT:- The impugned order dated 28th March, 2018 has been passed by the Tribunal in contravention of Sub-section (6) of Section 165 of Companies Act, 2013, we set aside the impugned order. However, taking into consideration the facts and circumstances of the case, we impose minimum fine at the rate of five thousand rupees for every day after the first during which the contravention continued. The default having continued for 849 days w.e.f. 01st April, 2015 to 18th July, 2017, we quantify the penalty to ₹ 42,45,000/- to be paid by the Respondent/ Petitioner within a period of 45 days. Appeal allowed.
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