MCA - Settlement of prosecutions cases
MINISTRY of Corporate Affairs (MCA) has decided to review pending prosecution cases by holding Lok Adalats.
Lok Adalats are to be organised on 9th, 16th, 23rd & 30th June in the offices of concerned ROCs between 10.00 AM to 1.00 PM by giving an advance advertisement in the local Newspapers. The chapters of ICSI, ICWAI, ICAI and Bar Council are to be used for wide publicity and efforts are to be made to dispose of compoundable offences there itself. In next month, two Lok Adalats will be held by each RD per month. These would be held on Saturdays.
The object of organizing Lok Adalats should be to ascertain the legal cases where the companies and their officers in default are inclined to get the offences compounded so that necessary applications may be moved by the companies for this purpose and on payment of compoundable fees, the prosecutions may be withdrawn.
MCA CIRCULAR [F.NO.-CL.II], Dated: June 3, 2011