Documentation Checklist

Documents Required for Compounding Application

A well-prepared application is critical for smooth processing. The following documents are typically required to be submitted with the compounding application.

12 Key Documents
# Document Description / Notes
01 Compounding Application Covering offence details, section violated, facts, reason for default, and amount proposed for compounding
02 Certified Board Resolution Authorising filing of application, appointment of authorised director, and appointment of professional representative
03 Affidavit by Authorised Director Sworn affidavit verifying facts stated in the compounding application
04 Authorisation Letter Authorising officer/legal counsel/PCS/CA/CMA to appear and represent in the compounding matter
05 Power of Attorney In favour of authorised representative to appear before RD / NCLT, furnish documents, and make submissions
06 Memorandum of Appearance To be filed by the authorised representative (Advocate / PCS / CA / CMA)
07 Copies of Non-Compliance Evidence Relevant filings, returns, forms demonstrating the default and the period of default
08 ROC Search Report / MCA Master Data Current company master data from MCA portal as on the date of filing
09 MOA and AOA Certified copies of Memorandum and Articles of Association
10 List of Directors / Officers in Default Details of all directors and officers who are parties to the compounding application
11 e-Form GNL-1 Acknowledgement SRN and acknowledgement of electronic filing with ROC on MCA portal
12 Demand Draft / Payment Proof Post-order — proof of payment of compounding fee as directed by NCLT / RD
Compounding Amount Cap
Maximum Fine
Amount shall not exceed the maximum fine prescribed under the relevant provision of the Act
Nature of Payment
Not a Penalty
Compounding fee is not a penalty and cannot trigger director disqualification under Section 164
Post-Order Intimation
7 Days
INC-28 to be filed with ROC within 7 days of receiving the compounding order

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