ROC Compounding Fee Must Be Paid by Defaulting Director, Not Third Party: Telangana HC

Prem Jain Vs Union of lndia (Telangana High Court) The Telangana High Court allowed a writ petition seeking limited interference with an order dated 22.08.2023 passed by the Regional Director, South-East Region, Hyderabad, concerning compounding of offences under the Companies Act, 2013. The petitioner, a former director of a company, challenged the order on the ground that it wrongly recorded that the petitioner had paid the compounding fee, whereas the payment had in fact been made by another individual. The petitioner contended that this was contrary to Section 441(1) of the Companies Act, ...