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2019 (6) TMI 135 - Tri - Companies LawCompounding of offences - alleged violation of Section 217(1) of the Companies Act, 1956 - HELD THAT:- By perusal of the material available on record, the alleged contravention seems to be technical in nature and due to some procedural lapses on the part of its directors for not enclosing board's report along with the company's balance sheet as on 31.03.2011. However, the applicants have now attached the Board's Report for the Financial Year 2010-2011 along with this compounding application. Thus, they have made good of alleged lapses. The applicants have further explained that non-attaching of Board's Report of the Company with the Balance Sheet was erroneous, but without having any wrongful intention to its Directors. Thus, it may be seen that the applicants have admitted their default, but has sought compounding of offence. The present application deserves to be allowed as the alleged offence is made compoundable and can be compounded well by this Court, because it is made punishable with imprisonment up to six months or with fine alone or with both. The present Company Petition is conditionally allowed and stands disposed of.
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