Composition of offences - Scope of provision

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..... which are not punishable with compulsory imprisonment are compoundable by the Regional Director, where the maximum amount of fine is up to Rs. 5,000 or by the Company Law Board, where the maximum amount of fine exceeds Rs. 5,000. The salient features of these provisions of law are indicated below for the benefit of your constituent member-companies and their directors : (a) The offences p .....

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..... nce is so compounded, the Court shall discharge the company/its officers, as the case may be. (e) While compounding the offence, the Company Law Board/Regional Director, may direct any officer of the company to file a return or other document(s) in question within such time, as may be specified in the order and non-compliance of the order shall be a punishable offence. (f) Compoundin .....

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