Prosecution u/s 631

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 October 2011 A pvt. ltd. co. was running without registration with ROC . The company owners were also having bogus Memorandum & Articles, naming 2 persons as directors and 3 other persons as subscribers (Total 5 persons).The M/A was caught by ROC . Nowadvise whther ROC can file prosecution u/s 631 against directors only or against subscribers also.

Whethet 631 offence is compoundable.

CS Suraj Arora

CS Suraj Arora (Expert)
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03 October 2011 Dear

Firstly to inform you that this is a compoundable offence under section 621 A of the Companies Act 1956.

Secondly no doubt all the five persons will become the party in this case....