Section 441 of CA 2013 : Section 441: Compounding Of Certain Offences
CA 2013
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Explanation using Example
Imagine a scenario where a company, XYZ Pvt. Ltd., failed to file its annual returns with the Registrar of Companies (ROC) within the stipulated time, which is an offence under the Companies Act, 2013. The maximum fine for this offence is, say, ₹10 lakh. Instead of facing prosecution, the company opts to compound the offence.
XYZ Pvt. Ltd. approaches the Regional Director to compound the offence since the maximum fine does not exceed ₹25 lakh. They submit an application for compounding...
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