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2017 (1) TMI 828 - Tri - Companies LawCompounding for violation of provisions of section 75 of the Companies Act, 1956 - Held that:- We have seen the certified extract copy of the Board Resolution dated 31st March 2015 wherein the Board has passed a resolution to file necessary Compounding Application. We have seen the Memorandum and Articles of Association of the company, copy of Balance Sheet for the year ended 31/03/2012 and copy of the Return of Allotment filed in Form PAS-3, Challan, Board Resolution for allotment and List of Allottees and after going through the Company Petition under section 621A of the Companies Act, 1956 and further submissions made by the Practicing Company Secretary for the Applicant and the observations of the Registrar of Companies, we hereby levy the compounding fee on the Applicant as set out in the table. 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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