What are non compoundable Offences under Companies Act 2013?
Table of Contents
What are non compoundable Offences under Companies Act 2013?
Thus, the following offences under the Companies Act cannot be compounding by the Tribunal (‘NCLT’) or the Regional Director: An offence which is punishable with imprisonment only. An offence which is punishable with imprisonment and also with fine.
What are compoundable Offences under Companies Act?
Introduction: An “offence” shall mean any act or omission made punishable by any law for the time being in force. The “compounding” refers to the process of voluntarily admitting the contravention, pleading guilty and seeking redressal.
What are the Offences under Companies Act 2013?
Sections in Companies Act 2013 of Offenses which are Punishable
| Chapter No. | Chapter name | Nature of Punishment |
|---|---|---|
| XIV | Inspection, Inquiry, and Investigation | Imprisonment or Fine or both |
| Imprisonment or Fine or both | ||
| XVI | Prevention of oppression and mismanagement | Only Fine |
| Only Fine |
What is non-compoundable summons?
The type of summons you get Non-compoundable offence means that in addition to paying the fine, you also need to attend a court hearing. These are usually major offences, and one example is driving without a valid driving license.
In which Sectiontion compounding of Offences is provided?
The provisions pertaining to compounding of offences under the Act are set forth under Section 441 of Act. Section 441 of the Act provides for compounding of following offences: Offence punishable with fine only, or. Offence punishable with fine or imprisonment or both.
What is Compoundable Offences and non compoundable Offences?
Listen. Compoundable offences are those thatcan be compromised, i.e. the complainant can agree to take back the charges levied against the accused, whereas, non – compoundable offences are the more serious offences in which the parties cannot compromise.
What does not compoundable mean?
Non-compoundable offence Non-compoundable offence means that in addition to paying the fine, you also need to attend a court hearing. These are usually major offences, and one example is driving without a valid driving license.
What is compoundable and non compoundable offence?
What is Section 450 of Companies Act 2013?
If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been …
What is non compoundable summons?
Which section of Companies Act, 2013 deals with punishment where no specific penalty or punishment is provided?
Section 450
Section 450. Punishment where no specific penalty or punishment is provided | Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR.
What is the punishment for a repeated default in Companies Act, 2013?
If a company or an officer of a company commits an offence punishable either with fine or with imprisonment and where the same offence is committed for the second or subsequent occasions within a period of three years, then, that company and every officer thereof who is in default shall be punishable with twice the …
How do I check if a company is Saman?
Check ‘Saman’ Online: MyEG, AES, JPJ, and PDRM
- Check Summons on MyEG.
- Check Summons on JPJ’s Official Website.
- Check Summons via RILEK.
- Check Summons via PDRM’s SSO.
- Check Via MyBayar Saman Platform, by the PDRM.
Is Section 420 IPC compoundable?
An offence of Section 420 is compoundable but with permission of the court while an offence of Section 406 is not compoundable at all.
What is Section 450 of Companies Act, 2013?
