IN RE Vs. JAYASWAL NECO INDUSTRIES LIMITED

JUDGEMENT

(1.) Applicants in Default: -

(2.) We have gone through the application of the applicants and the report submitted by the Registrar of Companies, Mumbai and also the submissions made by Authorised Representative for applicants at the time of hearing and noted that application made by the applicants for compounding of offence committed under Section 211 of the Companies Act, 1956, merited consideration.

(3.) Having regard to the facts and circumstances of the case, the offence committed under Section 211 of the Companies Act, 1956, as stated and explained above in first para is compounded against the Company's two directors and Company Secretary, on payment of Rs. 5,000/- by each defaulter. The remittance shall be made by way of Demand Draft drawn in favour of "Pay and Accounts Officer, Ministry of Corporate Affairs, Mumbai". Since the Company's two directors and Company Secretary named above have remitted total amount of Rs. 15,000/- as mentioned below: