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

    Solution

    Section 39. Compounding of offences.—(1) Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), the Regional Director or any other officer not below the rank of Regional Director authorised by the Central Government may compound any offence under this Act which is punishable with fine only, by collecting from a person reasonably suspected of having committed the offence, a sum which may extend to the amount of the maximum fine provided for the offence but shall not be lower than the minimum amount provided for the offence.

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