Explain whether the following offences under the Companies Act, 2013 are compoundable, if yes, by whom? (ii) Disobeys the direction issued by the Registrar or Inspector under Companies Act;
CS Professional · Resolution of Corporate Disputes, Non-Compliances & Remedies · PYQS · June 2024
Explain whether the following offences under the Companies Act, 2013 are compoundable, if yes, by whom? (ii) Disobeys the direction issued by the Registrar or Inspector under Companies Act;
Answer & Explanation:
According to section 207(4)(i) of the Companies Act, 2013, if any director or officer of the company disobeys the direction issued by the Registrar or the inspector under this section, the director or the officer shall be punishable with imprisonment which may extend to one year and with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees. In view of the above provision, it can be said that the offence is non-compoundable.
Topics: Companies Act, 2013
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