redeemed shares to the Capital Redemption Reserve Account as required under Section 80(1)(d) of the Companies Act, 1956 yet, in the financial statement for the year 2012-13, the same was corrected and the amounts were transferred to the Capital Redemption Reserve Account. He contends that the company also expressed its no objection for compounding the offence before the Regional Director, who passed an order under Section 621A of the Companies Act, 1956, by which, the noncompliance of Section 80(1)(d) of the Act which was punishable under Section 80(6) of the Companies Act, 1956 was compounded and a compounding fee of Rs.10,000/- was imposed on the company and a sum of Rs.5,000/- was imposed on each of the Directors. He submits that during the composition proceedings, a show-cause notice was issued under Section 211(7) for violation of Section 211(1) of the Companies Act, 1956. He contends that a perusal of the showcause notice also referred to non-compliance of Section 80(1)(d) of the Companies Act, 1956 and the non-disclosure of the compliance of Section 80(1)(d) of the Companies Act, 1956 in the financial statement of the company for the financial year 2011-12. He submits that the reply to the show-cause notice
