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2018 (1) TMI 830 - AT - Companies LawCompounding of the offences for violation of certain provisions during some of the financial years - Composition of certain offences u/s 621A - Held that:- Merely on the ground that investigation by SFIO is going on or some other cases are pending Ld. Tribunal ought not have rejected all the appeals. Sub-section (1) of Section 621 prohibits compounding when an offence punishable with imprisonment only, or with imprisonment and also with fine. Where fine is alternative to the imprisonment or where there are no provisions of punishment is well within the jurisdiction of the Tribunal to compound the offence. Sub-section (6) of Section 621A further makes it clear that any offence which is punishable under Act with imprisonment or with fine, or with both, the case is liable to be compounded. Thus we hold that the Appellant is entitled for compounding of offence
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