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What is NCLT Ruling on Nemak Aluminium Violations about?

The National Company Law Tribunal addressed an application by Nemak Aluminium Castings India Pvt. Ltd. and its officers for compounding offences under Section 148 of the Companies Act, 2013, due to failure to appoint a cost auditor and file necessary reports for the financial year 2015-2016. The Tribunal decided to impose a reduced penalty of Rs. 1,25,000, considering the circumstances of the violation and the company

Author

Satya

Language

EN