NCLAT Upholds Rs. 5000/Day Compounding fees for 20+ Directorships in Karan Samtani case

Registrar of Companies Vs Karan Kishore Samtani (NCLAT Delhi) Introduction: The National Company Law Appellate Tribunal (NCLAT) recently upheld the compounding fees of Rs. 5000 per day in the case of Registrar of Companies vs. Karan Kishore Samtani. The appellant, Registrar Companies West Bengal, challenged an order by the National Company Law Tribunal (NCLT) related to compounding fees in Company Petition CP No. 690/KB/2017. Facts- The offender/director is accused of being the director of more than twenty private limited companies as of March 31, 2015. He actually demanded that at least one ...