Where for alleged violation committed by company in not filling its annual return within 60 days of Annual General Meeting, alternative punishment of imprisonment or fine or imprisonment with fine was prescribed, said violation was to be compounded only with permission of special court.

Any offence which is punishable ‘with imprisonment or fine or with imprisonment or fine or with both’ can be compounded by the Tribunal but only with the permission of the Special Court in accordance with the procedure laid down for compounding of offences as prescribed in clause (a) of sub-section (6) of section 441 of Companies Act, 2013.

November 18th, 2017