Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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No Bar On Compounding Offence U/S 441 Of Companies Act If Punishable With Fine Only: NCLT Mumbai
Corporate Law & GovernanceOther Legal Matters
The NCLT, Mumbai, has ruled that there is "no bar on compounding an offence" under Section 441 of the Companies Act if it is punishable with a fine only. The tribunal’s decision clarifies a key procedural aspect of the Companies Act. The ruling reinforces that an offense that is not punishable with imprisonment can be compounded, providing an opportunity for companies to rectify their mistakes. This judgment is a crucial precedent for companies.
