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Discussion > Corporate Law > MCA >

E-Filing of Form No. 23ACA

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CA; CS-Final (One Group)

[ Scorecard : 442]
Posted On 26 March 2010 at 23:30 Report Abuse

As per Companies Act,1956 Balance Sheet with attachments is to be filed with MCA thru. Form No. 23AC and Profit & Loss A/c is to be filed with MCA thru. Form No. 23ACA.

 

My query relates to a company which has not started any commercial activity since the plant is under consturction for the last 2-3 years. No Profit and Loss A/c has been prepared but only a statment of "Pre-Operative Expenses pending Allocation" is prepared, which is forming part of company's Balance Sheet.

 

Is e-filing of Form No. 23ACA is compulsory for this company keeping in view that no P/L has been prepared? If yes, what about the mandatory attachment of Profit & Loss A/c?  Please guide.

 

Thanks


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Jagruti (CS)
Service

[ Scorecard : 1899]
Posted On 27 March 2010 at 10:32

In such case, you file a explanation to Form 23ACA that as no operations are carried out Company has not prepared the P & L acc.





Ankur Garg
Company Secretary and Compliance Officer

[ Scorecard : 89751]
Posted On 27 March 2010 at 10:35

You have to file form 23ACA. There is no doubt about that.

Simply attach "Pre-Operative Expenses pending Allocation" in place of P&L account. This suggestion is based on my personal working experience.


Thanks




Yogesh Shah
CA Final - Group II cleared

[ Scorecard : 1035]
Posted On 27 March 2010 at 13:23

Recently I faced the similar situation...

 

I simply put zero in applicable columns in Form 23ACA...

 

The same has been approved by MCA.




Ankur Garg
Company Secretary and Compliance Officer

[ Scorecard : 89751]
Posted On 27 March 2010 at 13:34

Yes yogesh ji you are right. We have to put zero in the columns and attach "Pre-Operative Expenses pending Allocation" in place of P&L.




CA Adarsh Agrawal
CMD of SHAYVIDZ Group

[ Scorecard : 3597]
Posted On 27 March 2010 at 16:59

agreed wid all above replies..




CA.SKR
CA; CS-Final (One Group)

[ Scorecard : 442]
Posted On 27 March 2010 at 23:23

Thanks for your expert advice. Is "Statement of Pre-operative Expenses pending Allocation" is to be filed with both Form Nos. 23AC and 23ACA, since that Statement form part of Balance Sheet.




Sarabjeet Kaur
CS

[ Scorecard : 196]
Posted On 29 March 2010 at 17:03

"Statement of Pre-operative Expenses pending Allocation" is to be filed with both Form Nos. 23AC and 23ACA




Ankur Garg
Company Secretary and Compliance Officer

[ Scorecard : 89751]
Posted On 29 March 2010 at 17:23

Originally posted by : CA.Satendar Kumar

Thanks for your expert advice. Is "Statement of Pre-operative Expenses pending Allocation" is to be filed with both Form Nos. 23AC and 23ACA, since that Statement form part of Balance Sheet.

 

Come on sir ji be practical. Upload with both the forms.

 

Kaun sa size increase ho jayga ya ROC form reject kar dega.




CA.SKR
CA; CS-Final (One Group)

[ Scorecard : 442]
Posted On 29 March 2010 at 18:34

Thanks all for your valuable advise. I already filed both Form 23AC and 23ACA with MCA and enclosed "Statement of Pre-Operative Expenses" with both Forms.  Thanks once again.



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