Are offences of Companies Act, 1956 compoundable under code of criminal procedure, 1973
SINGH, MANJIT
Are offences of Companies Act, 1956 compoundable under code of criminal procedure, 1973 - 2013 - 771-776
Compounding of an offence means settling a matter through money payment by suo motu or otherwise. It is also construed as an admission of gulit. This article discusses the applicability of the provisions related to compounding of offenced under code of criminal procedure, 1973 vis a vis the provisions of the Comapnies Act, 1956 as also the difference between the two. The major difference in Compounding of an offence under the Companies Act, 1956 and CrPC 1973 is that under the Comapnies Act, 1956 Compounding could be before or after initiation of prosecution but under the CrPC,1973 it is always after initiation of procecution.
COMPANY LAW
346.54066
Are offences of Companies Act, 1956 compoundable under code of criminal procedure, 1973 - 2013 - 771-776
Compounding of an offence means settling a matter through money payment by suo motu or otherwise. It is also construed as an admission of gulit. This article discusses the applicability of the provisions related to compounding of offenced under code of criminal procedure, 1973 vis a vis the provisions of the Comapnies Act, 1956 as also the difference between the two. The major difference in Compounding of an offence under the Companies Act, 1956 and CrPC 1973 is that under the Comapnies Act, 1956 Compounding could be before or after initiation of prosecution but under the CrPC,1973 it is always after initiation of procecution.
COMPANY LAW
346.54066