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COMPOUNDING OF OFFENCE CALL 9990363345

COMPOUNDING OF CERTAIN OFFENCES

Compounding of offences

any offence punishable under only COMPANIES ACT 2013
committed by a company or any officer
Offence Punishable With imprisonment or fine
Offence Punishable with fine
Offence Punishable With imprisonment or fine or both

NOT ELIGIBLE COMPOUNDABLE OFFENCES

offence punishable with imprisonment only or
punishable with imprisonment and also with fine
offence committed by a company or its officer within a period of 3 years from the date on which a similar offence was compounded under this section.
any offence which is compoundable offence but the investigation against such company has been initiated or is pending under this Act.

Compounding Authority

May either before or after the institution of any prosecution, be compounded by—
offence up to 25 lakh - Regional Director OR
Offence Exceeding 25 Lakh- NCLT.

Procedure to compound an offence under Companies Act, 2013:

Calculate the amount of offence
Holding of Board Meeting Pass a resolution to file application with ROC for compounding of offence.
Preparation of Compounding Application
Filling of Form with ROC Procedure for making application:
a) Application for compounding shall be submitted electronically in E-FORM - GNL1.
b) This form will be forwarded by ROC to NCLT/Regional Director as applicable.
Hearing before Authority
Intimation To Roc
Where any offence is compounded, intimation shall be given by the company to the Registrar within 7 days from the date on which the order is made available to the petitioner/applicant.