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2018 (7) TMI 460 - Tri - Companies LawCompounding of offence allegedly committed under section 203(1)(iii) of the Act - Held that:- It is not in dispute that the Applicants have violated the provisions of section 203(1)(iii) of the Act as noticed by the Inspecting Officer in course of inspection of books of accounts and our records of the Company carried out under Section 206(5) of the Companies Act, 2013. Subsequently, the Company appointed Chief Financial Officer, Manager and Company Secretary on 23.08.2016 and it has also filed Form DIR-12 as confirmed by RoC, WB in his report dated 18.10.2017 and thus, the offence has been made good on 23.08.2016. So far as the company is concerned, the offence under section 203(1)(iii) of the Companies Act, 2013 has already been compounded under section 441 of the Companies Act, 2013 by this Tribunal, vide its orders dated 09.02.2018 and 05.04.2018 We are inclined to compound the violation under section 203(1)(iii) of the Companies Act, 2013 in terms of the provisions of section 441 of the Act. Accordingly, we do hereby compound the aforesaid offence against the Applicants subject to depositing the compounding fees by each of the applicants within 15 days hereof
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