Huge late fee, keep pending as Limited Liability Concept
This query is : Resolved
16 April 2025
pvt ltd company doesnt want to do business any more.
late fee for non filing comes more than net worth of pvt. ltd. cant apply for dormant status also as slight transactions were there.
my q--> can we ignore the filings completely as net worth is less than late filng fee. (net worth is just 50 thousand rupees, filing fee 3 lakhs).
my view--> yes, its limited liability right? pvt ltd. hence, let late fee rise,
late fee for non filing comes more than net worth of pvt. ltd. cant apply for dormant status also as slight transactions were there.
my q--> can we ignore the filings completely as net worth is less than late filng fee. (net worth is just 50 thousand rupees, filing fee 3 lakhs).
my view--> yes, its limited liability right? pvt ltd. hence, let late fee rise,
16 April 2025
can you ignore as a company, yes. But can you ignore as directors - not yes. Non filing will attract disqualification as directors. plus the penalties leviable directly on directors.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- STCG FOR GOLD ETFs
- Small dealers gst returns filing
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
