TMI BlogCompounding of certain offences.X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of any prosecution, be compounded by (a) the Tribunal; or (b) where the maximum amount of fine which may be imposed for such offence does not exceed five lakh rupees, by the Regional Director or any officer authorised by the Central Government, on payment or credit, by the company or, as the case may be, the officer, to the Central Government of such sum as t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sub-section (1) shall apply to an offence committed by a company or its officer within a period of three years from the date on which a similar offence committed by it or him was compounded under this section. Explanation . For the purposes of this section, (a) any second or subsequent offence committed after the expiry of a period of three years from the dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (c) Where any offence is compounded before the institution of any prosecution, no prosecution shall be instituted in relation to such offence, either by the Registrar or by any shareholder of the company or by any person authorised by the Central Government against the offender in relation to whom the offence is so compounded. (d) Where the compounding of any offenc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or other employee of the company to file or register with, or on payment of the fee, and the additional fee, required to be paid under section 403, such return, account or other document within such time as may be specified in the order. (5) Any officer or other employee of the company who fails to comply with any order made by the Tribunal or the Regional Director or any officer author ..... X X X X Extracts X X X X X X X X Extracts X X X X
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