1 IN THE HIGH COURT OF BOMBAY AT GOA COMPANY PETITIONS NO. 10 & 11 OF 2008 COMPANY PETITIONS NO. 10 OF 2008 Professional Oral Care Products Private Limited .... Petitioner V/s COMPANY PETITIONS NO. 11 OF 2008 Advanced Oral Care Products Private Limited .... Petitioner V/s Mr. M.S. Sonak, Advocate for the Petitioner. Mr. C.A. Ferreira, Assistant Solicitor General for central Government. CORAM : N.A. BRITTO, J. DATE : 27/04/2009 P.C. : Heard Shri Sonak, the learned Counsel on behalf of the petitioner and Shri Ferreira, the learned Assistant Solicitor General on behalf of the Regional Director. 2. In Company Petition No. 10/2008, on behalf of the Regional Director, an objection was taken in para 3, stating that certain accounting procedures were not followed as per accounting Standard-14. Counsel on behalf of the petitioner stated that since then the said procedures have been followed and objection taken in that regard has therefore been complied with and affidavit has also been filed by the petitioner showing the compliance and minutes of the order has also been drawn after taking care of the said objections. 3. In view of the above, the minutes of order filed are accepted. There shall be an order in terms of the said minutes. 4. In Company Petition No. 11/2008, an objection was taken in para 10 2 of the affidavit dated 15/04/2009, on behalf of the Registrar of Companies/Official Liquidator that the Directors of the Company have committed certain offences enumerated therein which are compoundable. On behalf of the petitioner, Shri Sonak submits that an application has already been filed for compounding of the said offences. Shri Ferreira, the learned Assistant Solicitor General submits that the said application will be dealt in accordance with law as expeditiously as possible. Counsel on behalf of the petitioner also submits that the commission of the said offences by the Directors of petitioner/Company cannot come in the way of approving the scheme of amalgamation. 5. Minutes of order filed. The same are accepted. There shall be an order in terms of the said minutes. The minutes be placed in respective files. 6. The petitioner/Company to pay costs of Rs.10,000/- each to the Regional Director and to the Official Liquidator, in each of the petitions. Petition disposed of. Needless to observe, after the compounding of offences, the Director of the petitioner/Company to file form-21 with the Registrar of Companies within a period of 30 days after the offences are compounded. N.A. BRITTO, J. NH/-