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2017 (8) TMI 297 - NATIONAL COMPANY LAW TRIBUNAL, BENGALURUCompounding fee applicability - compound the offence and the Compounding Application - Held that:- After considering the materials on record and after taking into account the submissions made by the Practicing Company Secretary that lenient view may be taken, we hereby levy compounding fee for violations of provisions of section 166 and sub-section 5 of section 210 of the Companies Act, 1956 for the delay in conducting Annual General Meeting and non- submission of audited annual accounts before the Annual General Meeting on the Applicants. In pursuant to our Order dated 20th June 2017 mentioned herein above, the Applicants have paid the compounding fee by depositing 9 Demand Drafts of different Banks drawn on 01/07/2016 in favour of “Pay and Accounts Officer, Ministry of Corporate Affairs, payable at Chennai”. And as the compounding fee has been remitted by the Applicants, the offence stated in the petition is compounded.
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