Question

Who is authorized to compound an offence punishable with fine only, and what is the maximum sum that can be collected for compounding under the LLP Act?

A A magistrate; the maximum fine prescribed for the offence
B The Regional Director or any officer authorized by the Central Government; the amount not exceeding the maximum fine prescribed for the offence
C The Registrar of Companies; a fixed sum
D The Adjudicating Authority; a sum exceeding the maximum fine
E The Board of Directors; a negotiable sum
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