Explain whether the following offences are compoundable, if yes, by whom? (i) Failure to disclose director's interest and participation by interested director.

According to section 184(4) of the Companies Act, 2013 (the Act), if a director of the company contravenes the provisions of section 184(1) and 184(2) of the Act i.e. related to Failure to disclose director's interest, such director shall be liable to a penalty of one lakh rupees. The offence mentioned above is punishable under section 184(4) of the Act. In view of Sec 441(1)(b) of the Act the above offence is compoundable by Regional Director or any officer authorised by the Central Government, as the punishment does not involve imprisonment.