State whether the following offences under the Companies Act, 2013 are compoundable. If yes, mention the Compounding Authority. (I) Failure to keep proper books of account under Section 128(6). (II) Committing default in
CS Professional · Compliance Management, Audit and Due Diligence · PYQS · December 2024
State whether the following offences under the Companies Act, 2013 are compoundable. If yes, mention the Compounding Authority. (I) Failure to keep proper books of account under Section 128(6). (II) Committing default in complying with the requirements relating to formation of companies with charitable objects, etc. under section 8(11).
Answer & Explanation:
(I): Offence: Failure to keep proper books of account under Section 128(6) Compoundable -Yes Compounding Authority -Power vested with Regional Director. (II): Offence- Committing default in complying with the requirements relating to formation of companies with charitable objects, etc. (section 8(11)) Compoundable-Yes Compounding Authority- Power vested with the Tribunal.
Topics: Company Law
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