IN RE Vs. THOUGHTBUZZ INDIA PRIVATE LIMITED

JUDGEMENT

(1.) This petition has been filed u/s 441 of the Companies Act, 2013 praying for compounding of the offence u/s 92, 96 and 129 of the Companies Act. The said petition which has been routed through the office of the RoC along with their comments, prays for compounding the offence of not holding their first AGM within the Statutory period and consequently not filing its Annual return for the F.Y 2015-2016 nor laying down its Financial within the period required under the Statute.

(2.) As per the provision of Section 96(1) of the Companies Act, 2013:

(3.) The petitioner's offence relates to period for the F.Y 2015-2016. The AGM of the company was convened on 07.09.2017 for the Financial year 2015-2016, on which date the Financial Statements were laid by the Board of Directors. The Annual returns were filed on 11.09.2017. The default has since been made good.