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2018 (7) TMI 2199 - NATIONAL COMPANY LAW TRIBUNAL, KOLKATA BENCHSeeking to allow the compounding of the offence committed under Section 165(1) read with Section 165 (3) of the Companies Act, 2013 - Section 441 of the Companies Act, 2013 - HELD THAT:- 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. As far as the case at hand is concerned, the applicant resigned as a Director of 4 public companies reducing their numbers to 10. But he was Director in 14 companies for 21 days in contravention of provisions of Section 165(1) of the Act since he resigned as Director of 4 companies within 21 days of the notice. The application is allowed.
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