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Company has raised funds as per section 42 of the Companies Act 2013 in violation with

Rule 14(2)(c) Companies (Prospectus and Allotment of Securities) Rules,2014. The company
has to make the default good as per section 441 of the Companies Act 2013.
1. How to make the default good?
2. Can the company approach NCLT or compounding authority?
3. Is NCLT or the compounding authority empowered to waive off the requirement of
making the default good by letting the company pay the fine?
1.

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