State whether the following offences under the Companies Act, 2013 are compoundable. If yes, also mention the compounding authority: Political contributions in contravention of Section 182.
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: Political contributions in contravention of Section 182.
Answer & Explanation:
If a company makes any contribution in contravention of the provisions of section 182 of the Companies Act, 2013 , the offence is not compoundable as under section 182(4) the punishment includes mandatory imprisonment besides monetary fine.
Topics: Company Law
Related Questions in this Topic
- Differentiate between Punishment for False Statement and Punishment for False Evidence under the Companies Act, 2013.
- State the punishment prescribed under Companies Act, 2013 for the following: (iv) Improper use of words "Limited" or "Pr...
- State the punishment prescribed under Companies Act, 2013 for the following: (iii) Punishment for wrongful withholding o...
- State the punishment prescribed under Companies Act, 2013 for the following: (ii) Repeated default within 3 years
- State the punishment prescribed under Companies Act, 2013 for the following: (i) Punishment where no specific penalty is...