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Companies Law - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

Compounding of offence u/s 233B of the Companies Act, 1956 read ...


Offence Compounding Under Companies Act Now Tribunal-Approved, No Special Court Needed Post-Amendment; Referencing NCLAT Rulings and Section 441(6).

July 15, 2021

Case Laws     Companies Law     Tri

Compounding of offence u/s 233B of the Companies Act, 1956 read with the Companies (Cost Audit Report) Rules, 2011 - The amendment takes away the need of taking permission of Special Court - In the case on hand, even though prosecution is pending without seeking permission from the concerned Court, this Tribunal can compound the offence relying upon the aforesaid two judgments of the Hon'ble NCLAT and the amended Section 441(6) of Companies Act, 2013. - Tri

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