Whether Tribunal (NCLT) can impose the compounding fees u/s ...
NCLT Cannot Impose Compounding Fees Below Minimum Fine for Offenses Under Companies Act Sections 165(1) and 165(6).
August 26, 2020
Case Laws Companies Law AT
Whether Tribunal (NCLT) can impose the compounding fees u/s 441(1) of the Act, less than minimum prescribed for the offence u/s 165 (1) read with Section 165(6)? - the Tribunal has no jurisdiction to reduce the fine less than the minimum fine prescribed for the offence - AT
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