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2020 (7) TMI 423 - Tri - Companies LawPermission of Company to revise Board's Report - Corporate Social Responsibility - Section 135 of the Companies Act - HELD THAT:- The instant petition is filed in accordance with law and due notice were ordered to the ROC and the Income-Tax Department, and they have also filed respective affidavits. Therefore, we are convinced with the reasons furnished by Petitioner to seek the relief as sought for. Therefore, we are inclined allow the application as sought for in the interest of justice, and on the principle of ease of doing business, however, without prejudice to the right(s) of Registrar of Companies to initiate appropriate proceedings, if the Company violate any provisions of Companies Act, 2013 and the Rules made thereunder. And the Petitioner is also at liberty to file Application suo-moto seeking to compound of any violation if it thinks so. The Petitioner Company is permit to revise the Board's report, as sought for, as per Annexure-4 and with a direction to follow all the extant provisions of Section 135 of the Companies Act, 2013, the Company (CSR) Rules, 2014 amended from time to time, and also Rule 77 of NCLT Rules,2016 - Application disposed off.
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