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Compounding of offences is a legal mechanism that allows for the settlement of certain criminal or regulatory violations without going through a lengthy court trial. This process typically involves an agreement between the accused and the prosecuting authority, where the accused agrees to pay a penalty or undertake specific actions in exchange for avoiding a trial and potential legal consequences. Compounding is often used for non-serious offenses and can lead to quicker resolution and reduced legal burdens for all parties involved. It offers a means to resolve disputes while relieving the court system of less critical cases, promoting efficiency and fairness in the justice system.
Ronak Jhuthawat & Co key offerings also include setting up compliances, approvals from all the government departments including approvals from the Registrar of Companies, Ministry of Corporate Affairs, Reserve Bank of India (RBI), Director General of Foreign Trade (DGFT), FDI, Retail, Trading, Non-banking finance companies etc.
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