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Companies Law - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

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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