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2016 (12) TMI 186 - Tri - Companies LawCompounding for violation of provisions of section 299 of the Companies Act, 1956 - Held that:- Considering the documents filed, report of the Registrar of Companies, Karnataka. Bengaluru and submissions made by the Practicing Company Secretary we are of the opinion that violation can be compounded by levying the compounding fee . As in pursuant to our Order dated 17/09/2016 mentioned herein above, the Applicants have paid the compounding fee by depositing Demand Draft for ₹ 1,13,400/- (Rupees One lakh thirteen thousand four hundred only) of City Bank, Bangalore drawn on 23/09/2016 in favour of ''Pay and Accounts Officer, Ministry of Corporate Affairs, payable at par". As the compounding fee has been remitted by the Applicants, the offence stated in the petition is compounded. A copy of this Order be sent to Registrar of Companies, Karnataka. Bengaluru for appropriate action.
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