State whether the following offences under the Companies Act, 2013 are compoundable. If yes, also mention the compounding authority: Failure to maintain proper books of account
CS Professional · Resolution of Corporate Disputes, Non-Compliances & Remedies · PYQS · December 2023
State whether the following offences under the Companies Act, 2013 are compoundable. If yes, also mention the compounding authority: Failure to maintain proper books of account
Answer & Explanation:
The offence failure to maintain proper books of account is compoundable as it is punishable under Section 128(6) only with monetary fine. The Compounding Authority in this case is Regional Director or any officer authorised by the Central Government.
Topics: Company Law
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