Home Case Index All Cases Companies Law Companies Law + AT Companies Law - 2018 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (10) TMI 119 - AT - Companies LawCompounding of an offence - application under Section 441 of the Companies Act, 2013 - defaulted in filing the Annual Return and Financial Statements within the statutory period for the financial year 2014-2015 - Held that:- The income of the company is ₹ 36,479/- for the year ending 31st March, 2017, we reduce the amount payable by the Company to ₹ 50,000/- under Section 92. In so far as fine imposed under Section 137 is concerned, the same having calculated @ ₹ 1,000/- per day, we are not going to reduce the amount which has already been reduced to 1.5 lakhs. In so far as the rest of the Appellants are concerned, counsel for the Appellant did not pursue the case with regard to Appellant Nos.3 and 4, but prayer is made to reduce the amount so far as Appellant No.2 – Mr. Anil Kumar Agarwal is concerned in view of his income. However, as we find that the fine has already been reduced to ₹ 1 lakh in each of the case, we are not inclined to interfere with the impugned order so far it relates to Mr. Anil Kumar Agarwal, Mr. Ved Prakash Jain and Mr. Kishan Lal Sharma. Their prayer is rejected.
|