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TMI Blog2018 (10) TMI 119X X X X Extracts X X X X X X X X Extracts X X X X ..... f the company is ₹ 36,479/- for the year ending 31st March, 2017, we reduce the amount payable by the Company to ₹ 50,000/- under Section 92. In so far as fine imposed under Section 137 is concerned, the same having calculated @ ₹ 1,000/- per day, we are not going to reduce the amount which has already been reduced to 1.5 lakhs. In so far as the rest of the Appellants are conc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompounding the offences under Section 92 and 137 of the Act, having defaulted in filing the Annual Return and Financial Statements within the statutory period for the financial year 2014-2015. The default has been made good as the Company has since filed its Financial Statements on 12.05.2017 and its Annual Return on 10.05.2017, a fact confirmed by the Registrar of Companies. 2. For the offence ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Mr. Ved Prakash Jain 92(5) 30.11.2015 to 09.05.2017 5,00,000/- Mr. Kishan Lal Sharma 92(5) 30.11.2015 to 09.05.2017 5,00,000/- U/s 137 of the Companies Act, 2013 S. No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny Law Tribunal, New Delhi Bench (hereafter referred as Tribunal ) by impugned order dated 17th May, 2018 compounded the offence and brought down on to lower level as follows:- S. No. Name of Applicant Fine u/s 92(5) Fine u/s 137 Total 1. Shefield Appliances Limit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... calculated @ ₹ 1,000/- per day, we are not going to reduce the amount which has already been reduced to 1.5 lakhs. 5. In so far as the rest of the Appellants are concerned, counsel for the Appellant did not pursue the case with regard to Appellant Nos.3 and 4, but prayer is made to reduce the amount so far as Appellant No.2 Mr. Anil Kumar Agarwal is concerned in view of his income. How ..... X X X X Extracts X X X X X X X X Extracts X X X X
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