NCLT held that as to the issue with regards to restriction on the power of the ‘Regional Director’ and the ‘authorized officers of the Central Government’ permitting to compound the offences wherein the maximum amount of fine does not exceed Rupees Twenty Five Lakhs, Hon’ble NCLAT in the matter of “Magnon Solutions Pvt. Ltd & Ors. V/s Registrar of Companies” has held that no such fetter has been put on powers of the Tribunal, which is the main forum for compounding of offences. The other forum of ‘Regional Director’ and ‘Officer of the Central Government’ being alternative but restricted by the extent of quantum of punishment, the Tribunal has all the powers to compound all the offences irrespective of any pecuniary limit. The Tribunal has been conferred with all powers to compound the offence irrespective of the limit of fine. Hence, the present Petition can be compounded.