Are offences of Companies Act, 1956 compoundable under code of criminal procedure, 1973

By:

SINGH, MANJIT

Material type:

Mixed materialsPublication details: 2013Description: 771-776Subject(s):

COMPANY LAW

NLM classification:

346.54066

In: CHARTERED SECRETARYMSummary: 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.

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Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		43/7	Available		P14937

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.

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