Q&A

Notice is received for default in section 92/96/137 of companies act 2013 whether compounding of company and director need to be done separately ?
By -jagriti 21 Oct 2016


The Company shall first file the reply to the Show Cause Notice citing the proof of compliance made good for default in section 92/96/137 citing the valid reasons as to why filing was delayed and try to convince the ROC/ Officer that the delay was inadvertant and was due to unavoidable circumstances. However, the Company and Directors can file a joint application for Compounding with the Compounding Authorities, if required.