Compounding of offence under the Companies Act, 2013

Introduction: An “offence” shall mean any act or omission made punishable by any law for the time being in force. The “compounding” refers to the process of voluntarily admitting the contravention, pleading guilty and seeking redressal. A compounding of offense consists of three basic elements: (1) knowledge of the offence; (2) the agreement not to […]

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